Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
USDC Treasury burns 150 million USDC in Ethereum operations
On January 27, blockchain data confirmed a large-scale destruction operation carried out by the USDC Treasury. According to a report from PANews, the USDC issuer executed two separate burn operations on the Ethereum network with a total volume of 150 million USDC.
The first operation burned 100 million USDC at 22:46 UTC+8, followed by a second transaction of 50 million USDC at 23:01 UTC+8. These two operations demonstrate strategic steps in managing the USDC supply, with a total of 150 million digital currency units removed from circulation through the burn mechanism on Ethereum.
This move reflects precise liquidity management, indicating efforts to control the USDC supply within the Ethereum blockchain ecosystem.