Circle reduced the USDC supply after burning 51,168,791 tokens on Solana, bringing the total supply to about 76.26 billion coins. The burn is part of a series of treasury adjustments, including a previous $50 million burn on Ethereum and the simultaneous minting of around 90 million USDC on the same network, balancing supply across different blockchains.
The operation took place just days after Visa expanded USDC payments on Solana, showing that despite growing institutional use, short-term on-chain demand may be weaker. It is important to note that the burn reflects redemptions and treasury rebalancing, not a direct impact on price.
Circle continues active management of the stablecoin across networks to meet demand from DeFi, institutional users, and payment use cases.
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions
