Whale Alert reported an additional USDC burn on Ethereum, as the USDC Treasury destroyed more than $78 million worth of tokens, indicating continued supply management activity following earlier large-scale burns.
Whale Alert reported that the USDC Treasury burned 78,317,178 USDC, worth approximately $78.3 million, on the Ethereum blockchain. This event follows a larger burn of about 135.6 million USDC reported on January 14, 2025, reflecting ongoing efforts to manage the stablecoin’s circulating supply.