Circle’s treasury destroyed 100 million USDC tokens worth approximately $100.15 million on the Solana blockchain on November 2, 2026. Whale Alert flagged the transaction as it occurred. The burn permanently reduces the USDC supply in circulation and is part of the treasury’s routine reserve adjustments for a stablecoin designed to be backed by the U.S. dollar on a 1:1 basis. Circle had previously burned 107 million USDC in August 2026, as well as 134.6 million and 151 million tokens in the preceding months. No unusual market disruption was reported, and the transaction on Solana does not necessarily reflect changes in the stablecoin’s total supply across blockchains.
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