The USDC Treasury burned 50 million Token on the Ethereum network.

This article is machine translated
Show original

The USDC Treasury has burned 50 million USDC on the Ethereum network, according to tracking data from Whale Alert.

A Token event is typically associated with adjustments to the circulating supply of a stablecoin . This information was recorded on December 24th based on on-chain transaction monitoring.

MAIN CONTENT
  • USDC Treasury burned 50 million USDC on Ethereum.
  • Data collected from Whale Alert.
  • The information was reported on December 24th.

The event of burning 50 million USDC on Ethereum.

The USDC Treasury has burned 50 million USDC Token on the Ethereum network.

According to reports, the burn transaction was tracked and reported by Whale Alert on December 24th. The amount burned was 50,000,000 USDC and took place directly on the Ethereum blockchain .

This information is based on updated on-chain data and does not include additional details regarding the purpose or plans for issuing/offsetting the supply. The content presented is for informational purposes only and does not constitute investment advice.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments