34 views
in Cryptocurrency by (2.2k points)
Why does USDC get burned?

Please log in or register to answer this question.

1 Answer

0 votes
by (2.8k points)
USDC (USD Coin) may get burned as part of the token's supply management strategy. When USDC is burned, it means that the tokens are permanently removed from circulation, reducing the total supply of USDC in the market. This process is often used to help maintain the stability and value of the token by controlling the supply and demand dynamics.

Related questions

1 answer
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
...