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Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows

USD coin holders are not rushing back to the token just yet.

Updated Mar 15, 2023, 3:18 p.m. Published Mar 15, 2023, 5:22 a.m.
Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)
Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)