The issuing company Circle burned 119,887,231 USDC on the Ethereum network. This is the largest burning this month.#WhaleAlertdata shows this. 

Let us remind you that #Circle, unlike #Tether, much more often resort to the practice of burning unclaimed volumes of their stablecoin to maintain a peg to $.

And by Circle standards, this is a really large volume. But on July 20 alone they “printed” 430 million USDC. In total, since July 1, according to our calculations, 1.763 billion USDC have already been “printed”, and 771.45 million USDC have been burned. In total, according to the current results of July, the stablecoin ends the month at +991.55 million USDC.