According to Foresight News, the USDC Treasury has reportedly destroyed a significant number of coins. The operation took place earlier today, Beijing time, and was monitored by Whale Alert. The Treasury destroyed batches of 100,484,734, 56,407,716, and 50,000,000 USDC coins, respectively. The total number of coins destroyed amounted to 206,892,450 USDC. This action by the USDC Treasury is part of their regular operations to manage the supply of the digital currency.
USDC Treasury Destroys Over 206 Million Coins
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