DeFi· ★★· neutral·

Circle burns 135M USDC on Ethereum after minting 168M

  • —About 135 million USDC worth roughly $135 million was burned
  • —The burn occurred at 01:42 and was confirmed on Etherscan
  • —Circle had minted 168 million USDC on Ethereum at 00:49 earlier that day
Why it matters: USDC burns and mints reflect shifting demand for the stablecoin and liquidity conditions on Ethereum.
#USDC#ETH
Source: PANews
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