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Major Supply Event: USDC Treasury Executes Significant Burn
A substantial amount of 50 million USDC tokens, equivalent to approximately $50.0075 million, has been removed from circulation through a treasury burn operation. This move carries notable implications for the stablecoin ecosystem and broader DeFi market dynamics. Large-scale burns like this can affect liquidity conditions and signal strategic adjustments in tokenomics management. Traders and DeFi participants monitoring USDC's circulating supply should pay attention to such developments, as they may influence market depth and trading conditions across decentralized finance platforms.