USDC Supply Shrinks: USDC Treasury Burns 51M Tokens on Solana

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.