USDC Treasury Burned Nearly 159 Million USDC on Ethereum Chain
2026-06-11 22:32

Data compiled by Woofun AI shows that the USDC Treasury, acting as the primary issuer address, executed a substantial token burn on the Ethereum network. The transaction involved the destruction of 158,694,924 USDC, representing a market value of approximately $159 million.

This large-scale removal of tokens from circulation underscores active supply management strategies employed by the issuer. Such deflationary events are critical for maintaining the peg and liquidity dynamics of the stablecoin within the broader DeFi ecosystem.

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