In the last 24 hours, there is $4.7B USDC burned from coinbase | Blockchain Dream

In the last 24 hours, there is $4.7B USDC burned from coinbase alone. According to @peckshield. Burning USDC means users convert it to fiat. The move may be related to the panic caused by the actions of US regulators.
etherscan.io/address/0xad4a…