USDC Treasury burns 100 million USDC on Solana

Circle's treasury removed roughly $100.15 million in stablecoins from circulation in another routine supply adjustment The USDC Treasury burned 100 million USDC on November 2, 2026, according to blockchain tracker Whale Alert. The burn took place on the Solana blockchain. Whale Alert flagged it as it happened. Circle, the company behind USDC, destroyed 100 million tokens held in its treasury. The reported value of the burn was approximately $100.151 million. The slight premium over a flat $100 million reflects where USDC was trading at the moment of the burn, not any change in how the token works. Burns like this one are part of how Circle manages USDC’s supply. The goal is to make sure the number of tokens in circulation never exceeds the reserves backing them.

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