Ethereum other

The Circle released USD coins, one hundred and thirty-five million tokens over Ethereum .

Comments 0

#Eight hundred and eighty thousand#The burning of Token#The Circle#Supply#Coins are minted.USD

The Circle released USD coins, one hundred and thirty-five million tokens over Ethereum .

Circle burned USDC approximately 135 million tokens on Ethereum after re-issuing 168 million

Circle เผาเหรียญ USD Coin จำนวนหนึ่งร้อยสามสิบห้าล้านโทเคนบน Ethereum

A report from TokenPost states that the supply side movement of Circle ($CRCL) on network Ethereum (ETH) at 01:49 pm and 02:42 pm local time on the 14th resulted in a comparison of only two deals180.9 with about 168 million more tokens being re-issued,224.1 while around 135 million were burned.

The business is audited over Etherscan .

Circle เผาเหรียญ USD Coin จำนวนหนึ่งร้อยสามสิบห้าล้านโทเคนบน Ethereum

Whale Alert posted on X that:USDC Treasury burned$CRCL about 135 million tokens on Ethereum at 02:42 am Thai time on the 14th, with such posts amounting to an estimated value of $135 million or roughly 180.9 billion won. PANews reported that this transaction was monitored over Etherscan

Prior to that, at 01:49 AM of the same day there was an issuance.USDC About 168 million tokens on Ethereum were also posted by Whale Alert. The total value is about $168 million or roughly 224.1 billion won.

The meaning of 33 million tokens.

Circle เผาเหรียญ USD Coin จำนวนหนึ่งร้อยสามสิบห้าล้านโทเคนบน Ethereum

Token burning is the removal of tokens from circulating supply, while new token issuance adds to circulating supplies. The figure of 33 millionUSDC thus represents an aggregate picture of only two such transactions and does not reflect changes in supply.USDC All above Ethereum

Something to keep an eye on.

Supply trackingUSDC on Ethereum should look at all incoming and outgoing transactions as daily or intermittent, not just two listings that appear in the same period of time because other transactions may cause a change in supply direction.

It's a warning.

This article is for informational purposes only, not investment advice. The price of digital assets has a high volatility. Please make rational decisions

Comments (0)

  1. No comments yet. Be the first to comment.

Leave a comment

Comments are moderated. Referral links, signal groups and promotions will be removed.