According to ChainCatcher, Whale Alert monitoring shows that USDC Treasury destroyed 54,388,896 USDC on the Ethereum chain at around 21:13 Beijing time today. This event has aroused the market's attention to the changes in the circulating supply of USDC. First, as a stablecoin, changes in the supply of USDC may have an impact on market liquidity. Secondly, destruction is generally regarded as a means of reducing market supply, which may have a certain impact on the price of USDC. Finally, investors and analysts will pay close attention to such on-chain data to assess its potential impact on the overall market.