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Details: https://www.gate.com/announcements/article/47889
A substantial amount of USDC has been removed from circulation through the USDC Treasury. The burn involves 100 million USDC tokens, representing approximately $100.05 million USD in value. Such token burn events typically impact stablecoin supply dynamics and are monitored closely by market participants tracking cryptocurrency liquidity and reserve management. This type of supply adjustment at major stablecoin treasuries can influence market conditions and token availability across trading platforms.