Circle has executed a substantial burn of 150 million USDC tokens on the Ethereum blockchain. This action allows businesses to redeem USDC for USD, maintaining the token’s value alignment. The June redemptions have reached an impressive $371 million, indicating heightened activity. Discover how Circle’s significant USDC burns impact the crypto market and what it means for investors and businesses alike. Circle Executes Major USDC Burn Worth $150 Million on Ethereum Circle, the issu...
