Circle’s USDC stablecoin is facing a significant decline in its circulating supply as the USDC Treasury continues to burn tokens. As reported by Whale Alert, the USDC Treasury has destroyed about 51 million in tokens on the Solana blockchain as part of the platform’s efforts to manage the stablecoin’s circulation. USDC Treasury Executes $51M Token
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Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.