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🎉 Gate 2025 Gala | Year-End Selection
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Voting ends: Jan 20, 02:00 UTC
Details: https://www.gate.com/announcements/article/48693
A major burn event just hit the USDC ecosystem: over 55 million tokens (worth approximately $55 million USD) have been destroyed at the USDC Treasury. This significant reduction in circulating supply marks an important development in stablecoin dynamics. Such large-scale burns can influence liquidity conditions and market mechanisms across DeFi platforms and major exchanges.