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by: xpoolPosted on: April 8, 2025

Circle Executes $51M USDC Burn on Ethereum: A Liquidity Management Move

Circle, the issuer of USD Coin (USDC), has executed a significant token burn of 51 million USDC on the Ethereum blockchain. This action, observed by Whale Alert, demonstrates Circle’s commitment to maintaining stablecoin value and liquidity alignment. The move is not anticipated to disrupt USDC’s peg to the US dollar or trigger significant market shifts.

Related posts:

  1. Circle’s IPO Reveals Dependency on Coinbase, High Distribution Costs
  2. Circle Mints $250 Million USDC on Solana Blockchain
  3. Circle Eyes IPO as Underwriters on Board for Potential Public Listing
  4. Circle Mints $250M USDC on Solana: Implications for Stablecoin Market Dynamics
#USDC Circle DeFi

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