How many USDC burned on SOL?

TLDR

About 51,168,791 USDC were burned on Solana on 29 Dec, according to a media report detailing the on?chain event.

1. A smaller separate burn of over 5,100 USDC was also reported on Solana by Whale Alert via a Binance Square post.
2. In the same week, Circle minted 500 million USDC on Solana, showing active supply management per an industry article.

Deep Dive

1. Recent Large Burn

USDC Treasury burned roughly 51,168,791 USDC on Solana on 29 Dec. This was flagged as a significant supply reduction event within a short window as noted in a media report.

• Burn for USDC typically means tokens were redeemed and destroyed on chain after users convert USDC to fiat with the issuer.
• Such burns shrink circulating supply on that network and reflect net redemptions versus issuance.

2. Additional Small Burn

A separate notice pointed to a smaller burn (over 5,100 USDC) on Solana around the same period, attributed to the USDC Treasury as relayed by Whale Alert in a Binance Square post.

• Smaller burns happen frequently as routine treasury operations.
• They are typically not market-moving but show ongoing supply housekeeping.

3. Minting Balances the Picture

Amid these burns, Circle also minted 500 million USDC on Solana, adding fresh stablecoin liquidity to the chain as reported in an industry article.

• Redemptions (burns) and new issuance (mints) happen continually to keep USDCs peg and meet user demand across chains.
• Net supply on Solana depends on the balance of these flows rather than any single event.

Conclusion

The latest week saw both a large burn (~51.17 million USDC) and a sizable mint (500 million USDC) on Solana. Together they illustrate normal stablecoin supply management: issuance rises with demand and burns reflect redemptions. The net effect on USDC supply on Solana depends on the ongoing balance of these flows rather than any single transaction.