Major stablecoin movement detected: A substantial 50 million USDC tokens have been removed from circulation through the USDC Treasury burn mechanism. This transaction represents approximately 50.00 million USD in value. Such large-scale stablecoin destruction events typically signal shifts in supply management strategy and can have downstream implications for liquidity across DeFi protocols and centralized trading venues.
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Major stablecoin movement detected: A substantial 50 million USDC tokens have been removed from circulation through the USDC Treasury burn mechanism. This transaction represents approximately 50.00 million USD in value. Such large-scale stablecoin destruction events typically signal shifts in supply management strategy and can have downstream implications for liquidity across DeFi protocols and centralized trading venues.