USDC Treasury Burns $150 Million USDC on Ethereum

On January 27, chain data revealed significant activity involving USDC Treasury. According to PANews, the USDC issuer conducted two separate burn transactions on the Ethereum blockchain, totaling $150 million USDC. The first transaction involved the destruction of 100 million USDC at 22:46 UTC+8, followed by a second transaction of 50 million USDC at 23:01 UTC+8.