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USDC burns 60 million tokens amid supply adjustment; BNB dips below $1,060
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USDC burned 60 million tokens to adjust liquidity as BNB declined 0.
The USDC Treasury burned 60 million tokens on the Ethereum blockchain this week as part of an ongoing supply adjustment to align market liquidity. Stablecoin circulation continues to fluctuate as exchanges rebalance holdings following a drop in trading activity. Meanwhile, Binance’s native token BNB fell below $1,060, marking a 0.97% decline within 24 hours. Market sentiment remains subdued post-October’s flash correction, with overall crypto market capitalization stabilizing near $3.7 trillion according to CoinMarketCap data.