USDC Treasury Destroys Over 52 Million USDC Tokens

According to Odaily, Whale Alert has reported that the USDC Treasury recently destroyed 52,116,104 USDC tokens. This event occurred approximately two minutes ago, marking a significant reduction in the circulating supply of USDC. The reasons behind this destruction have not been disclosed, but such actions are typically part of routine supply management or strategic financial decisions by the issuing entity.