Since the beginning of this week, Circle has burned a record $2.2 billion USDC. The redemptions exceeded $4 billion on March 14.
The data suggests that many further USDC burns occurred throughout several independent transactions, with the amounts involved from $300 million to $600 million. That pushed the entire incinerated value of USDC to over $2.2 billion in just over a single day.
Moreover, around 723 million USDC was burned during the early hours of March 15 in Asia, making it the biggest USDC single burn.
Source: https://crypto.news/usdc-records-largest-single-burn-amid-bank-collapse/