How much USDC was burned?

TLDR

Recent USDC burns were large and time?bound. The biggest confirmed events were about 51.17 million USDC on Solana and 50 million USDC on Ethereum in late December (Solana burn, Ethereum burn). Assumption: you mean the past 7 days.

1. In the week to 29 Dec, Circle redeemed about 5.7 billion USDC and circulation fell by about $1.1 billion (weekly summary).

1. The Solana burn was about 51.17 million USDC (about $51.19 million) (Solana burn).

1. The Ethereum burn was 50 million USDC (about $50 million) (Ethereum burn).

Deep Dive

1. Weekly Redemptions

USDC supply moves with issuance and redemption; burns typically reflect redemption volumes to keep tokens aligned with reserves. In late December, Circle issued about 4.6 billion and redeemed about 5.7 billion USDC, a net circulation decline of about $1.1 billion (weekly summary).

2. Solana Burn

A specific burn on Solana removed about 51.17 million USDC (about $51.19 million) from circulation, reflecting treasury supply management rather than price volatility (Solana burn). Media noted this in the context of broader supply adjustments late December.

3. Ethereum Burn

Around the same period, a burn of 50 million USDC on Ethereum was reported, consistent with routine treasury operations tied to redemptions (Ethereum burn). This complements the broader net decrease in circulating USDC observed for the week.

Conclusion

USDC burns in late December were sizable, with discrete events of roughly $51.19 million on Solana and $50 million on Ethereum, alongside a ~$1.1 billion weekly circulation drop driven by net redemptions. If you meant a different period, specify the date range and I can pull the exact burn totals.