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According to the report,USDC Treasury burned approximately 135000000 tokens on Ethereum USDC。
Circle burned approximately 135000000 tokens USDC
PANews October 14 In a news update, Whale Alert posted on X that USDC Treasury on 01: 42 burned approximately 135000000 tokens USDC, worth approximately 135000000 USD. Etherscan data shows that the burn transaction was confirmed successfully. Earlier today, Circle 00: 49 newly minted approximately 168000000 tokens USDC。
Source: https://www.panewslab.com/zh/articles/01a13666-4b64-716c-9c46-3e93ee566790
Whale Alert posted on X that USDC Treasury on 01: 42 burned approximately 135000000 tokens on the Ethereum network USDC。
This batch of USDC is worth approximately 135000000 USD。
Etherscan data shows that the burn transaction was confirmed successfully.
Earlier that day, Circle 00: 49 newly minted approximately 168000000 tokens on the Ethereum network USDC。
The following is analysis, separate from reported facts. Verify important claims independently.
The burn means that this batch of USDC was removed from the on-chain supply; the report also mentioned an earlier mint of approximately 168000000 tokens USDC.
This provides USDC a record of a mint and burn on the Ethereum network, but this information alone cannot establish the specific reason or market impact.
USDC is a crypto asset related to USD. Minting generally increases the on-chain quantity, while burning generally decreases the on-chain quantity.
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