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Circle’s $51M USDC Burn on Solana Highlights Divergent Blockchain Demand

Circle’s $51M USDC Burn on Solana Highlights Divergent Blockchain Demand

Author:

Global Cryptocurrency

Published:

2025-12-29 13:14:45

11

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USDC News -

Circle's USDC Treasury has permanently burned $51 million worth of USDC on the solana blockchain, reducing the circulating supply by 51.1 million coins. This supply contraction is occurring alongside ongoing minting activity on Ethereum, revealing distinct, blockchain-specific demand patterns for the dollar-pegged stablecoin.

The burn mechanism, typically used for treasury optimization, underscores Solana's evolving role in stablecoin liquidity management. Blockchain analytics indicate USDC's total supply now stands at 76.26 billion coins following this reduction.

Market observers note the simultaneous burn-and-mint activity across chains reflects institutional preferences in blockchain infrastructure. The Solana burn follows increased institutional adoption of the network for payment rails and decentralized finance (DeFi) applications.

By:

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