USDC Treasury Burns 158.69 Million USDC on Ethereum

News Editor

2026-06-11 15:00:51

USDC Treasury has burned 158,694,924 USDC on the Ethereum blockchain, according to the reported on-chain update.

USDCUSDC TreasuryEthereumStablecoinWhale Movement

According to TechFlowPost, USDC Treasury burned 158,694,924 USDC on the Ethereum blockchain. The on-chain action involved USDC, was carried out by USDC Treasury, and took place on Ethereum.

USDC is a U.S. dollar-denominated stablecoin. A token burn is an on-chain asset-management operation that removes tokens from the circulating record. The report did not provide additional details on the background of the burn, related transactions, or any follow-up arrangements.

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

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