#USDC USDC on Ethereum Released
The USDC Treasury has conducted several significant transactions involving the issuance and burning of USDC tokens on the Ethereum blockchain. Here are the relevant events:
September 30, 2024: The USDC Treasury burned 50 million USDC on the Ethereum chain. This action is part of the strategic management of the stablecoin supply to influence value dynamics and manage liquidity within the ecosystem.
December 26, 2024: The USDC Treasury minted 50 million USDC on the Ethereum chain. This issuance increases the supply of USDC tokens in circulation, which can be used to meet demand or for other strategic purposes.
January 16, 2025: The USDC Treasury minted another 50 million USDC on the Ethereum chain, continuing the pattern of supply management.
These actions reflect the ongoing operational activities of the USDC Treasury aimed at maintaining the stability and liquidity of the USDC stablecoin.
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