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by: xpoolPosted on: April 30, 2025

Circle Burns $105 Million in USDC: A Breakdown of the Move

Circle, the issuer behind USD Coin (USDC), has implemented a significant reduction in its circulating supply by burning $105 million worth of USDC. This action, executed on the Ethereum blockchain at 18:12 UTC, is part of a strategic strategy to decrease the available tokens and manage liquidity in the stablecoin market.

Related posts:

  1. Circle Secures Key Regulatory Approval in Abu Dhabi, Positioning Itself as Stablecoin Leader in the Middle East
  2. Circle Secures ADGM Approval for USDC Operations in Abu Dhabi
  3. Circle Secures Regulatory Approval for USDC in UAE: Boosting Stablecoin Adoption
  4. Circle Secures Key Regulatory Approval for USDC in Abu Dhabi
#USDC Circle Stablecoins

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