USDC Supply Shrinks: USDC Treasury Burns 51M Tokens on Solana

Circle's USDC stablecoin is facing a significant decline in its circulating supply as the USDC Treasury continues to burn tokens. As reported by Whale Alert, the USDC Treasury has destroyed about 51 million in tokens on the Solana blockchain as part of the platform's efforts to manage the stablecoin's circulation.

Source: coingape.com

Related symbols: SOLUSD