Coin Edition -
- Circle’s USDC Treasury burns $150M in USDC tokens on the Ethereum blockchain.
- Circle burns USDC tokens to redeem US dollars for businesses.
- This latest large-scale burn follows a $61.3M USDC burn earlier in the week, with June redemptions surpassing $371M.
Circle, the issuer of USD Coin (USDC), has burned 150 million USDC tokens, equivalent to approximately $150 million.
Whale Alert noticed the transaction occurred on the Ethereum blockchain, where Circle sent $150 million in USDC to a null, inaccessible address earlier in the day.