Summary:
USDC stablecoin Issuer Circle has plans to solely support the Ethereum Proof-of-Stake chain post-merge.Circle announced your choice on Tuesday amid rising speculations regarding a Proof-of-Work hard fork by major Ethereum miner Chandler Guo.The digital asset firm stated that just a “single valid version” of USDC can exist. Тәңкәләре эре circle erc актив тотороҡло була ала-селтәр 45 миллиард доллар менән 20-нән ашыу баҙар капитализацияһы eth.Барыһы ла үҙ фирмаһын асырға ярҙам күберәк раҫларға ҡушылды, сөнки һынылышлы мәле яҡынлаша.19 сентябргә тиклем эшләп ҡуйырға eth core, сөнки төп датаға күсә PoS-консенсус.
Circle, эмитент криптовалюта USDC үҙәкләштерелгән аҡса ҙурлығы буйынса икенсе урында тотороҡло, үҙ ниәттәрен тулыһынса хуплауыбыҙ тураһында белдерергә ҡушылған шишәмбе, консенсусҡа килә Proof күсеп Ethereum-of-Stake.
The news headlines comes at the same time when speculations have flooded the crypto community regarding possible hard forks of Ethereum’s current Proof-of-Work chain. Chandler Guo, a prominent ETH miner located in China, supposedly plans to sustain ETH’s PoW chain by forking the network.
Chandler Guo’s plan would develop a new chain and ecosystem where miners remain relevant in the event the move goes as intended. Tron founder Justin Sun said he’d donate 1 million ETH to the brand new chain, as previously reported.
[DB] USDC Issuer Circle IS ONLY GOING TO Support the Ethereum POS Chain Post-Merge: Blog
– db (@tier10k) August 9, 2022
While Sun is available to the ETH PoW hard fork idea, Circle’s announcement revealed that the firm would only support the PoS network post-merge. Tuesday’s announcement stated that “USDC being an Ethereum asset can only just exist as an individual valid version”.
The USDC issuer added that their sole plan is “to totally support the upgraded Ethereum PoS chain”.
At press time, USDC is both largest ERC-20 asset for the ETH chain and the biggest dollar-backed stablecoin token for the network. USDC is continuing to grow to reach market cap north of $45 billion because it launched on ETH’s chain back 2018.
USDC Market Cap (Source: CoinMarketCap)
Crypto Companies Declare Their Stance On Ethereum’s Merge And Hard Forks
Circle may be the latest firm to openly confirm support to the Merge. Earlier today, DeFi aggregator DeBank shared an identical announcement. Ethereum-based oracle protocol Chainlink also pledged full support for ETH’s PoS transition earlier this week.
Notably, all three firms stated their support exists solely to the Merge leaving little to no room for hard forks.