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The USDC treasury burned over 55 million tokens on Ethereum.
On July 25, 2025, the USDC treasury burned 55 million USDC on Ethereum, worth approximately 54.9 million USD, according to Whale Alert. This move is aimed at adjusting the supply to maintain a 1:1 peg with USD, while also not having a significant impact on the market as it only accounts for about 0.17% of the total circulating supply.
Token burning is a common management process in stablecoins like USDC, helping to maintain value stability. Transactions are publicly confirmed on the blockchain, demonstrating the transparency of this activity.
There is no significant impact on other assets such as ETH, BTC, or the DeFi market. The reaction from the cryptocurrency community remains calm, with no notable comments from major figures in the industry, indicating that this is standard practice in Circle's asset management strategy.