Circle’s USDC Treasury burned approximately $107 million worth of USDC in a single transaction as part of its routine supply management. The exact amount, flagged by on-chain tracker Whale Alert, was $107,083,512. These burns occur when users or institutions redeem USDC for actual US dollars, allowing Circle to maintain the 1:1 ratio between tokens in circulation and dollar reserves. Solana has captured a significant portion of recent activity, including a $153 million burn on that blockchain, illustrating the growing migration of USDC liquidity to new networks.
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