#USDC Treasury Continuous Issuance and Burn#

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Hot Topic Details

Hot Topic Overview

Overview

Recently, the USDC Treasury has been actively increasing and burning USDC. Over the past few days, the USDC Treasury has minted 50 million USDC on the Ethereum blockchain several times, with a maximum daily issuance of 250 million. At the same time, the USDC Treasury has also carried out several burn operations, with a maximum daily burn exceeding 200 million. These operations suggest that the USDC Treasury is actively adjusting the supply of USDC to address changes in market demand.

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Analysis

Recently, USDC Treasury has been making frequent issuance and burn operations, drawing market attention. According to Whale Alert, USDC Treasury has issued and burned USDC on the Ethereum chain multiple times in the past few days. Among them, the issuance scale is larger, with the highest daily issuance reaching 250 million USDC. On the burn side, USDC Treasury has also burned more than 200 million USDC in a short period of time. These frequent issuance and burn operations may be related to the stablecoin mechanism of USDC, or they may be related to changes in market liquidity demand. Currently, there is no clear explanation for the specific reasons for USDC Treasury's issuance and burn operations, but its frequent operations will undoubtedly have a certain impact on the price and market liquidity of USDC.

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Classic Views

USDC Treasury is conducting large-scale issuance and destruction operations, with both daily issuance and destruction exceeding 200 million USDC.

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Issuance and destruction operations primarily occur on the Ethereum chain and can be monitored through platforms like Whale Alert.

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The issuance and destruction operations of USDC Treasury may be related to market demand and the maintenance of the stablecoin's value.

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The issuance and destruction operations of USDC Treasury have sparked market concerns about USDC stability and Circle's operational strategy.

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