The top two stablecoin issuers – Circle and Tether – have distanced themselves from any hardfork in Ethereum. They said that they will continue to support the PoS transition of Ethereum.
As the Ethereum blockchain network seeks to undergo the Merge upgrade next month, there’s a new controversy brewing with hardforking the Ethereum network to keep the Proof-of-Work network alive. The miner community has been especially backing this idea of the hardfork. However, some prominent market players have distanced themselves from this idea. On Tuesday, August 9, USDC stablecoin issuer Circle noted that it shall only support Ethereum Proof-of-Stake (PoS) network after The Merge event on September 19.
In its official announcement on Tuesday, Circle noted:
"USDC ໄດ້ກາຍເປັນສິ່ງກໍ່ສ້າງຫຼັກສໍາລັບການປະດິດສ້າງ Ethereum DeFi. ມັນໄດ້ອໍານວຍຄວາມສະດວກໃນການຮັບຮອງເອົາການແກ້ໄຂ L2 ແລະຊ່ວຍຂະຫຍາຍຊຸດຂອງກໍລະນີການນໍາໃຊ້ທີ່ມື້ນີ້ອີງໃສ່ຊຸດຄວາມສາມາດອັນກວ້າງຂວາງຂອງ Ethereum. ພວກເຮົາເຂົ້າໃຈຄວາມຮັບຜິດຊອບທີ່ພວກເຮົາມີຕໍ່ລະບົບນິເວດ Ethereum ແລະທຸລະກິດ, ນັກພັດທະນາແລະຜູ້ໃຊ້ສຸດທ້າຍທີ່ຂຶ້ນກັບ USDC, ແລະພວກເຮົາຕັ້ງໃຈເຮັດສິ່ງທີ່ຖືກຕ້ອງ."
Circle’s USDC is currently the world’s second-largest stablecoin with a market cap of $54.2 billion. US financial giants like BlackRock have been auditing and holding USDC reserves.
Furthermore, Circle said that it doesn’t expect any major issues to emerge from Ethereum’s transition to Proof-of-Stake. The stablecoin issuer noted:
"ພວກເຮົາບໍ່ໄດ້ຄາດຫວັງວ່າການຂັດຂວາງຄວາມສາມາດໃນລະບົບຕ່ອງໂສ້ USDC ຫຼືການບໍລິການການອອກແລະການໄຖ່ອັດຕະໂນມັດຢ່າງເຕັມທີ່ຂອງພວກເຮົາ. ສະພາບແວດລ້ອມການທົດສອບຂອງ Circle ແມ່ນເຊື່ອມຕໍ່ກັບ Goerli Ethereum testnet, ແລະພວກເຮົາຈະຕິດຕາມຢ່າງໃກ້ຊິດຍ້ອນວ່າມັນປະສົມປະສານກັບ Prater ໃນມື້ຂ້າງຫນ້າ."
Tether Joins Circle and Will Support Ethereum PoS
Circle’s immediate competitor and the world’s largest stablecoin issuer Tether also took a similar stand. As well as Circle, Tether said that its USDT stablecoin would support the Ethereum PoS transition. The official announcement noted:
“Tether believes that in order to avoid any disruption to the community, especially when using our tokens in DeFi projects and platforms, it’s important that the transition to POS is not weaponized to cause confusion and harm within the ecosystem”.
Ethereum co-founder Vitalik Buterin has strongly opposed the hardfork noting that proponents of its trying just to make a quick buck. He also said that he won’t be responsible for any problems that arise in the PoW version of Ethereum blockchain after the PoS transition is complete. “I’m sure there’s going to be problems… if they want to make a fork, it’s on them to mitigate those problems,” said Buterin.
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Bhushan ແມ່ນຜູ້ທີ່ມີຄວາມກະຕືລືລົ້ນໃນ FinTech ແລະມີຄວາມເຂົ້າໃຈໃນຕະຫລາດການເງິນ. ຄວາມສົນໃຈຂອງລາວກ່ຽວກັບເສດຖະກິດແລະການເງິນດຶງດູດຄວາມສົນໃຈຂອງລາວໄປສູ່ຕະຫຼາດ Blockchain Technology ແລະ Cryptocurrency ທີ່ ກຳ ລັງເກີດຂື້ນ ໃໝ່. ລາວຢູ່ໃນຂັ້ນຕອນການຮຽນຮູ້ຢ່າງຕໍ່ເນື່ອງແລະເຮັດໃຫ້ຕົວເອງມີແຮງຈູງໃຈໂດຍການແບ່ງປັນຄວາມຮູ້ທີ່ລາວໄດ້ມາ. ໃນເວລາຫວ່າງລາວໄດ້ອ່ານນິຍາຍນິຍາຍທີ່ແປກປະຫຼາດແລະບາງຄັ້ງກໍ່ຄົ້ນຫາທັກສະໃນການເຮັດອາຫານຂອງລາວ.
Source: https://www.coinspeaker.com/circle-usdc-ethereum-pow/