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Details: https://www.gate.com/announcements/article/47889
Over 135.6 million USDC has been burned through the official USDC Treasury, representing approximately 135.6 million USD in value removal from circulation. This significant token burn event reflects ongoing adjustments to stablecoin supply dynamics on the blockchain. Major token burns like this typically signal either reduced demand from circulation or strategic supply management by the issuer. Market participants tracking USDC liquidity and total supply should monitor treasury operations as they impact the stablecoin's market availability and reserve backing across decentralized finance protocols and trading venues.