Over on Ethereum, 50 million USDC was burned.
The amount that disappeared could mean someone redeemed it for dollars, or moved it to another chain. The frequency of burns is a more useful indicator than the amount of a single transaction. I happened to keep an eye on $BTC .
The amount that disappeared could mean someone redeemed it for dollars, or moved it to another chain. The frequency of burns is a more useful indicator than the amount of a single transaction. I happened to keep an eye on $BTC .