Circle, the issuer of the USDC stablecoin, burned 100 million USDC tokens worth about $100.15 million on the Solana blockchain on November 2, 2026. This burn is part of Circle's routine supply management to ensure the number of tokens in circulation matches the reserves backing them 1:1 with US dollars. Such burns help maintain liquidity balance across different blockchains where USDC operates and support institutional confidence in the stablecoin's backing. This event follows a pattern of similar large burns earlier in the year, reflecting shifting demand on various networks.
The USDC Treasury burned 100 million USDC tokens on Solana, a significant supply adjustment event. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Nov 02, 2026 22:01 WIB: out of 50 major cryptocurrencies priced on Pluang, 6 rose and 43 fell. Notable movers include AAVE at Rp2.390.598 with a 1-day change of -4.80% and a Pluang order activity of 72% Sell / 28% Buy, CRV at Rp4.969 with -4.46% change and 57% Sell / 43% Buy, and THETA at Rp2.779 with -3.94% change and 61% Sell / 39% Buy.
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