Whale Alert has reported that the USDC Treasury destroyed 50 million USDC on the Ethereum network today. According to Odaily, this significant transaction was detected and monitored, highlighting ongoing activities within the cryptocurrency space. The destruction of USDC tokens is part of regular operations to manage the supply and demand dynamics of the stablecoin. Such actions are often undertaken to maintain the stability and value of USDC in the market.

#ETH #USDC