📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
The USDC treasury burned over 55 million tokens on Ethereum.
On July 25, 2025, the USDC treasury burned 55 million USDC on Ethereum, worth approximately 54.9 million USD, according to Whale Alert. This move is aimed at adjusting the supply to maintain a 1:1 peg with USD, while also not having a significant impact on the market as it only accounts for about 0.17% of the total circulating supply.
Token burning is a common management process in stablecoins like USDC, helping to maintain value stability. Transactions are publicly confirmed on the blockchain, demonstrating the transparency of this activity.
There is no significant impact on other assets such as ETH, BTC, or the DeFi market. The reaction from the cryptocurrency community remains calm, with no notable comments from major figures in the industry, indicating that this is standard practice in Circle's asset management strategy.