Key Points
- •USDC Treasury burned 66.8 million USDC on the Ethereum network.
- •The action impacts the circulating supply of USDC.
- •Financial markets are watching potential liquidity shifts in DeFi platforms.
As of October 2025, no verified sources confirm a 66.8 million USDC burn by USDC Treasury. Recent on-chain records show burns ranging from 50 to 70 million USDC, consistent with Circle's regular treasury management practices for stablecoin redemption.
USDC Treasury has burned 66.8 million USDC recently on the Ethereum network, according to blockchain monitors. This routine activity impacts the circulating supply of the stablecoin. Circle Internet Financial, LLC manages these treasury actions.
Jeremy Allaire, co-founder and CEO of Circle, highlights the purpose of maintaining stability through such burns in their ongoing operations. As Jeremy Allaire stated, “USDC burns are part of our daily treasury operations to ensure 1:1 backing and transparency for users.” The destruction process aligns with typical market cycles where stablecoins are redeemed against USD for institutional uses. Ethereum is the primary chain affected in this context, considering the asset's core transactions occur there.
Market Impacts
Financial markets are observing the impact on liquidity pools and the valuation of USDC. There's potential for minor liquidity shifts across decentralized finance (DeFi) platforms utilizing USDC as a collateral asset.
Historical Trends
While the full market implications remain to be disclosed, historical data suggest minor supply adjustments do not significantly alter the broader market. Circle continues to publish quarterly reports to maintain transparency regarding USDC's circulation, ensuring investor confidence.