Circle, the issuer of the USDC stablecoin, has recently conducted significant transactions involving the minting and burning of USDC. On May 28, 2024, Circle burned approximately $70 million worth of USDC on the Ethereum blockchain, specifically 64,914,252 USDC valued at 64,938,595 USD. This was followed by another burn of $60 million USDC on May 29, 2024, also on Ethereum. In contrast, Circle minted $250 million worth of USDC on the Solana blockchain on May 29, 2024, adding substantial liquidity to the Solana network. This minting involved 250,000,000 USDC valued at 250,249,999 USD.
Circle Update: @circle burn another $60b $USDC on #Ethereum Minting means to add liquidity. Burning means to remove liquidity. https://t.co/HYHHDJXuxr https://t.co/t3ykKG6LG4
Circle Update: @circle burn another $60b $USDC on #Ethereum Burning means to remove liquidity. https://t.co/HYHHDJXuxr https://t.co/cP7V4kJAlj
Circle Update: @circle burn another $60b $USDC on #Ethereum https://t.co/HYHHDJXuxr https://t.co/xMrjjl0yt6
🔥 🔥 🔥 60,228,202 #USDC (60,348,658 USD) burned at USDC Treasury https://t.co/pqJ75nm6ij
JUST IN: $250M $USDC HAS BEEN MINTED BY @CIRCLE'S USDC TREASURY ON $SOL
🚨 BREAKING: $250 million $USDC has just been minted by the @Circle USDC Treasury on @solana. https://t.co/ZXX7hmiMS6
Breaking: @circle mints quarter of a billion $USDC on @solana ($250m of new liquidity on Solana) https://t.co/h17pJ78IEi https://t.co/wVSgK5jRn2
Breaking: @circle mints quarter of a billion $USDC on @solana https://t.co/h17pJ78IEi https://t.co/Nv7kbyw3Ve
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 250,000,000 #USDC (250,249,999 USD) minted at USDC Treasury https://t.co/qfuXnDSxu3
Natively minted USDC on @base closing in on $3B https://t.co/rmxHtkbzID
Monthly Stable Coin Transfer Volume - @circle $USDC in blue dominating https://t.co/4nIQKq44B7
Circle burns $70m $USDC on Ethereum. https://t.co/bK0srPFvbr @circle https://t.co/Z8vUgXXFS8
Circle burns $70m $USDC on Ethereum. https://t.co/bK0srPFvbr https://t.co/OO63fdBptQ
🔥 🔥 🔥 64,914,252 #USDC (64,938,595 USD) burned at USDC Treasury https://t.co/GiubwHpXng