USDC Treasury Burns 158.69 Million USDC on Ethereum

News Editor

2026-06-11 15:00:51

ChainCatcher, citing Whale Alert, reported that the USDC issuer address USDC Treasury burned 158,694,924 USDC on Ethereum, worth about $159 million.

USDCUSDC TreasuryEthereumWhale AlertWhale Movement

ChainCatcher reported, citing Whale Alert, that the USDC issuer address USDC Treasury carried out a large burn on the Ethereum blockchain. The transaction involved 158,694,924 USDC, with an estimated value of about $159 million according to the report.

USDC is a U.S. dollar stablecoin, and an on-chain burn refers to tokens being removed from circulating supply. The recorded burn took place on Ethereum and was linked to the USDC Treasury address, with the transaction information monitored and disclosed by Whale Alert.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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