• bitcoinBitcoin (BTC) $ 85,460.00
  • ethereumEthereum (ETH) $ 1,992.27
  • tetherTether (USDT) $ 0.999945
  • xrpXRP (XRP) $ 2.42
  • bnbBNB (BNB) $ 623.91
  • solanaSolana (SOL) $ 131.45
  • usd-coinUSDC (USDC) $ 0.999800
  • dogecoinDogecoin (DOGE) $ 0.171930
  • cardanoCardano (ADA) $ 0.704626
  • tronTRON (TRX) $ 0.229888
  • staked-etherLido Staked Ether (STETH) $ 1,992.34
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 85,316.00
  • chainlinkChainlink (LINK) $ 14.39
  • the-open-networkToncoin (TON) $ 3.65
  • leo-tokenLEO Token (LEO) $ 9.76
  • stellarStellar (XLM) $ 0.281959
  • wrapped-stethWrapped stETH (WSTETH) $ 2,389.86
  • avalanche-2Avalanche (AVAX) $ 19.56
  • usdsUSDS (USDS) $ 1.00
  • hedera-hashgraphHedera (HBAR) $ 0.184994
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.27
  • litecoinLitecoin (LTC) $ 91.18
  • polkadotPolkadot (DOT) $ 4.49
  • pi-networkPi Network (PI) $ 0.966124
  • bitcoin-cashBitcoin Cash (BCH) $ 325.19
  • mantra-daoMANTRA (OM) $ 6.43
  • bitget-tokenBitget Token (BGB) $ 4.91
  • wethWETH (WETH) $ 1,990.85
  • ethena-usdeEthena USDe (USDE) $ 0.999750
  • hyperliquidHyperliquid (HYPE) $ 16.07
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999246
  • wrapped-eethWrapped eETH (WEETH) $ 2,118.32
  • whitebitWhiteBIT Coin (WBT) $ 29.08
  • uniswapUniswap (UNI) $ 6.66
  • moneroMonero (XMR) $ 215.21
  • aptosAptos (APT) $ 5.68
  • susdssUSDS (SUSDS) $ 1.05
  • nearNEAR Protocol (NEAR) $ 2.75
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • daiDai (DAI) $ 0.999864
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 50.41
  • gatechain-tokenGate (GT) $ 23.11
  • internet-computerInternet Computer (ICP) $ 5.81
  • aaveAave (AAVE) $ 184.75
  • tokenize-xchangeTokenize Xchange (TKX) $ 34.41
  • ethereum-classicEthereum Classic (ETC) $ 17.73
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 85,494.00
  • ondo-financeOndo (ONDO) $ 0.840430
  • mantleMantle (MNT) $ 0.787778
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998043
  • official-trumpOfficial Trump (TRUMP) $ 11.48
  • crypto-com-chainCronos (CRO) $ 0.080668
  • bittensorBittensor (TAO) $ 255.94
  • vechainVeChain (VET) $ 0.024998
  • cosmosCosmos Hub (ATOM) $ 4.80
  • kaspaKaspa (KAS) $ 0.080129
  • ethenaEthena (ENA) $ 0.368340
  • filecoinFilecoin (FIL) $ 3.01
  • celestiaCelestia (TIA) $ 3.55
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.212548
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 85,020.00
  • render-tokenRender (RENDER) $ 3.40
  • fasttokenFasttoken (FTN) $ 4.03
  • sonic-3Sonic (prev. FTM) (S) $ 0.537605
  • arbitrumArbitrum (ARB) $ 0.365923
  • algorandAlgorand (ALGO) $ 0.190585
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999051
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.540190
  • story-2Story (IP) $ 5.61
  • optimismOptimism (OP) $ 0.856145
  • kucoin-sharesKuCoin (KCS) $ 11.26
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 84,935.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.513447
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,991.02
  • nexoNEXO (NEXO) $ 1.15
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,078.89
  • xdce-crowd-saleXDC Network (XDC) $ 0.070014
  • immutable-xImmutable (IMX) $ 0.585646
  • makerMaker (MKR) $ 1,228.67
  • bonkBonk (BONK) $ 0.000013
  • movementMovement (MOVE) $ 0.419401
  • binance-staked-solBinance Staked SOL (BNSOL) $ 137.10
  • dexeDeXe (DEXE) $ 17.28
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,253.17
  • worldcoin-wldWorldcoin (WLD) $ 0.824007
  • entangleEntangle (NTGL) $ 0.001625
  • injective-protocolInjective (INJ) $ 9.82
  • usual-usdUsual USD (USD0) $ 0.997805
  • blockstackStacks (STX) $ 0.628727
  • sei-networkSei (SEI) $ 0.192220
  • lido-daoLido DAO (LDO) $ 1.04
  • the-graphThe Graph (GRT) $ 0.096120
  • theta-tokenTheta Network (THETA) $ 0.915272
  • flare-networksFlare (FLR) $ 0.014655
  • eosEOS (EOS) $ 0.558563
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.998800
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 84,248.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,116.64
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.59
  • wbnbWrapped BNB (WBNB) $ 623.37
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999183
  • galaGALA (GALA) $ 0.017184
  • tether-goldTether Gold (XAUT) $ 3,030.64
  • berachain-beraBerachain (BERA) $ 6.74
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999411
  • tezosTezos (XTZ) $ 0.689934
  • the-sandboxThe Sandbox (SAND) $ 0.284637
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 85,125.00
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • iotaIOTA (IOTA) $ 0.184150
  • bitcoin-svBitcoin SV (BSV) $ 33.99
  • jito-governance-tokenJito (JTO) $ 2.17
  • curve-dao-tokenCurve DAO (CRV) $ 0.504837
  • pax-goldPAX Gold (PAXG) $ 3,052.90
  • flowFlow (FLOW) $ 0.410064
  • msolMarinade Staked SOL (MSOL) $ 168.08
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • kaiaKaia (KAIA) $ 0.107000
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,071.55
  • flokiFLOKI (FLOKI) $ 0.000063
  • jasmycoinJasmyCoin (JASMY) $ 0.012217
  • heliumHelium (HNT) $ 3.26
  • pyth-networkPyth Network (PYTH) $ 0.160101
  • neoNEO (NEO) $ 8.05
  • telcoinTelcoin (TEL) $ 0.006153
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.89
  • resolv-usrResolv USR (USR) $ 0.999817
  • kavaKava (KAVA) $ 0.511177
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 143.98
  • axie-infinityAxie Infinity (AXS) $ 3.35
  • honey-3Honey (HONEY) $ 1.00
  • elrond-erd-2MultiversX (EGLD) $ 18.44
  • fartcoinFartcoin (FARTCOIN) $ 0.527288
  • raydiumRaydium (RAY) $ 1.76
  • dogwifcoindogwifhat (WIF) $ 0.510976
  • dydx-chaindYdX (DYDX) $ 0.667919
  • beldexBeldex (BDX) $ 0.072751
  • true-usdTrueUSD (TUSD) $ 0.998929
  • zcashZcash (ZEC) $ 30.98
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.761338
  • decentralandDecentraland (MANA) $ 0.263478
  • roninRonin (RON) $ 0.787620
  • spx6900SPX6900 (SPX) $ 0.522093
  • pumpbtcpumpBTC (PUMPBTC) $ 83,496.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,116.41
  • arweaveArweave (AR) $ 7.26
  • starknetStarknet (STRK) $ 0.168964
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,991.39
  • coredaoorgCore (CORE) $ 0.457140
  • thorchainTHORChain (RUNE) $ 1.27
  • conflux-tokenConflux (CFX) $ 0.089126
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.998890
  • infrared-beraInfrared Bera (IBERA) $ 6.48
  • beam-2Beam (BEAM) $ 0.008361
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.171829
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 85,277.00
  • apenftAPENFT (NFT) $ 0.00000044
  • apecoinApeCoin (APE) $ 0.539802
  • ecasheCash (XEC) $ 0.000022
  • chilizChiliz (CHZ) $ 0.045322
  • super-oethSuper OETH (SUPEROETHB) $ 1,991.49
  • clbtcclBTC (CLBTC) $ 85,241.00
  • pendlePendle (PENDLE) $ 2.65
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,989.46
  • aerodrome-financeAerodrome Finance (AERO) $ 0.519004
  • usdbUSDB (USDB) $ 0.999093
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • axelarAxelar (AXL) $ 0.421263
  • ousgOUSG (OUSG) $ 110.41
  • olympusOlympus (OHM) $ 23.89
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006212
  • plumePlume (PLUME) $ 0.194073
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • tbtctBTC (TBTC) $ 85,107.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,076.90
  • grassGrass (GRASS) $ 1.39
  • compound-governance-tokenCompound (COMP) $ 42.61
  • matic-networkPolygon (MATIC) $ 0.212428
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.895058
  • chain-2Onyxcoin (XCN) $ 0.011219
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006479
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,020.86
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,999.75
  • amp-tokenAmp (AMP) $ 0.004165
  • fraxFrax (FRAX) $ 0.999339
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000064
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 84,857.00
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999905
  • wormholeWormhole (W) $ 0.114575
  • gnosisGnosis (GNO) $ 127.15
  • mina-protocolMina Protocol (MINA) $ 0.268842
  • akash-networkAkash Network (AKT) $ 1.32
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.01
  • based-brettBrett (BRETT) $ 0.032583
  • layerzeroLayerZero (ZRO) $ 2.89

Circle Burns 50 Million USDC Tokens on Ethereum, Reducing Supply  

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Circle Burns 50 Million USDC Tokens on Ethereum, Reducing Supply  

Today, crypto analyst Whale Alert shared data showing that Circle burnt 50 million USDC coins from circulation in the Ethereum main chain. This event is essential as it represents Circle’s ongoing strategic activities within its ecosystem, especially regarding its stablecoin, which is pegged to the US dollar.

? ? ? 50,000,000 #USDC (50,005,000 USD) burned at USDC Treasuryhttps://t.co/WNSdgYcJ4s

— Whale Alert (@whale_alert) February 12, 2025

USD Coin burning

As per data reported by the market analyst, Circle burnt 50 million USD Coin worth $50,005,000 in the Ether main chain. The burning of the coins is essential as it decreases the total supply of the stable coin, making it scarcer and possibly raising its value.

Token destruction is a mechanism that stablecoin issuers use to decrease the supply of their stable coin circulations. Issuers often remove numbers of tokens in their circulations to influence value dynamics and enhance liquidity within their stablecoin ecosystems. The USDC Treasury chose the Ethereum blockchain for the burning exercise due to its strong technology infrastructure and advanced security.

Why stablecoins gain traction

Stablecoins play an essential role in the broader cryptocurrency ecosystem by providing a stable medium of exchange. In contrast to traditional crypto assets, stablecoins are created to minimize price fluctuations, making them beneficial for hedging, trading, and a convenient store of value.

Stablecoin issuers tightly control the burning process to ensure their stablecoins don’t stroll off from fiat pegging. This method has experienced plenty of success and several stablecoin projects, mainly by USDT and USDC, have adopted it.

Stablecoin burning has a domino effect on the wider cryptocurrency market. By decreasing supply, issuers tighten market pricing and improve liquidity in the market.

Stable coins have been less volatile than other virtual currencies, with fewer price fluctuations and a low risk/reward ratio. Also, these stable assets are adequately protected from price rigging, making them attractive alternatives for traders and investors engaging in the cryptocurrency market.

Investors need these stable coins to trade crypto tokens in a secure environment free from volatility. Based on this utility, stablecoins continue witnessing exponential growth and fulfilling several use cases in the cryptocurrency market.

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