USDC Treasury Burns About $159 Million in USDC on Ethereum

News Editor

2026-06-11 16:00:53

According to ChainCatcher, citing Whale Alert, the USDC issuer address USDC Treasury burned 158,694,924 USDC on Ethereum, valued at approximately $159 million.

USDCUSDC TreasuryEthereumWhale AlertWhale Movement

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

The update is a large on-chain token movement record. The key entity named in the report is USDC Treasury, the network is Ethereum, and the recorded action is a burn of USDC, a dollar-denominated stablecoin.

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

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