PANews reported on January 27 that, according to on-chain data, USDC Treasury, the issuer of USDC, burned a total of $150 million worth of USDC on Ethereum in twoPANews reported on January 27 that, according to on-chain data, USDC Treasury, the issuer of USDC, burned a total of $150 million worth of USDC on Ethereum in two
The USDC Treasury burned $150 million worth of USDC on Ethereum.
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News Brief
On the evening of January 27 (Beijing time), the USDC Treasury executed two significant burn transactions on the Ethereum network, destroying a total of $150 million in USDC tokens. According to on-chain data, the first transaction eliminated 100 million USDC at 22:46, followed by an additional 50 million USDC burn at 23:01. Therefore, analysts believe this substantial reduction reflects ongoing treasury management operations within the stablecoin ecosystem.
PANews reported on January 27 that, according to on-chain data, USDC Treasury, the issuer of USDC, burned a total of $150 million worth of USDC on Ethereum in two separate transactions on the evening of January 27 (Beijing time). 100,000,000 USDC were burned at 22:46, followed by 50,000,000 USDC at 23:01.
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