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BTCC / BTCC Square / Global Cryptocurrency /
Circle Executes $105M USDC Burn to Tighten Stablecoin Supply

Circle Executes $105M USDC Burn to Tighten Stablecoin Supply

Author:
Global Cryptocurrency
Published:
2025-04-30 20:30:10
6
1
USDC News -

Circle, the issuer of USDC, has strategically burned 105 million USDC tokens by sending them to Ethereum’s unrecoverable null address. This $105 million transaction is designed to reduce the stablecoin’s circulating supply, potentially impacting DeFi ecosystems where USDC holds significant liquidity.

Analysts note that this move aligns with stablecoin issuers’ broader strategy of actively managing token supplies to maintain peg stability during market volatility.

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