ChainCatcher news, according to Whale Alert monitoring, at around 23:10 Beijing time today, USDC Treasury destroyed 50,180,999 USDC on the Ethereum blockchain. This action has attracted widespread attention in the crypto community.

Destroying USDC is generally seen as a means of regulating market supply, aiming to stabilize the currency value. Although the specific reason for this destruction has not yet been announced, it may be related to changes in market demand or other internal strategies.

For investors, this type of operation is worth paying attention to because it may have an impact on the circulation and price of USDC. Continue to follow ChainCatcher, we will bring you more latest developments and in-depth analysis of the blockchain industry.