🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
USDC Treasury just executed a massive burn—wiping out 50 million tokens (worth roughly $50M) from circulation. This kind of supply contraction typically signals reduced market demand or strategic reserve management by Circle. For traders watching stablecoin flows, it's a noteworthy shift in liquidity dynamics. When treasuries burn rather than mint, it often reflects tightening conditions in crypto credit markets or simply redemption activity from institutional holders cashing out.