Circle’s USDC Will Fully Support Ethereum’s merge
Ethereum is staring at another schism in the network as it inches toward transitioning to the PoS consensus mechanism. Stablecoin companies pitch their tents with the planned transition while other entities push for a hard fork. The stablecoin issuer says supporting the Merge means the firm is doing the “right thing.”
Circle, the issuer of the USDC stablecoin, has cleared speculation regarding its stance on Ethereum’s incoming Merge. The company announced that it will wholeheartedly support Ethereum’s switch to PoS on grounds that it is the logical step for the network. Ethereum’s merge is expected on September 19th, and ahead of the event, tongues are already wagging over the future of the network.
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