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Major move in the stablecoin market: 50 million USDC has been burned at the USDC Treasury, equivalent to approximately 50.01 million USD. This significant reduction in circulating supply marks an important adjustment to the USDC ecosystem. Stablecoin burning events like this typically reflect treasury management strategies and can influence overall market liquidity dynamics. The action demonstrates active management of the USDC token supply and its role in the broader decentralized finance landscape.