314M USDC sent to null address as redemptions begin: Report
According to Web 3.0 analytics platform Watchers (0xscope), a total of 314.167 million USD Coin (USDC) has been sent by its issuer, Circle, to the Ethereum null address with header 0x00 on Mar. 13. The null address is typically used to remove tokens from circulation via one-way transactions. Stablecoin Burn Alerts:314,167,155.05
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