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Top asset management team helps you profit without hassle
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USDC Treasury burned 50 million USDC on Ethereum.
On December 23, on-chain data shows that USDC Treasury burned 50 million USDC on the Ethereum network. This burn operation means that the total supply of USDC in circulation has been reduced accordingly, which usually reflects the reserve management strategy adjustments of the stablecoin issuer. For users holding and trading USDC, such on-chain actions are worth following, as large burn events often impact market liquidity and the market expectations for stablecoins.