On Tuesday, Circle, the issuer of the USD Coin (USDC) stablecoin, pledged its full support for the transition of Ethereum to a proof-of-stake, or PoS, blockchain after the much-anticipated Merge upgrade. The firm views the Merge as an important milestone in the scaling of the Ethereum ecosystem, pisanje:
“USDC je postao temeljni blok za Ethereum DeFi inovaciju. Olakšalo je usvajanje L2 rješenja i pomoglo u proširenju niza slučajeva upotrebe koji se danas oslanjaju na ogroman skup mogućnosti Ethereuma. Razumijemo odgovornost koju imamo za Ethereum ekosistem i kompanije, programere i krajnje korisnike koji zavise od USDC-a i namjeravamo učiniti pravu stvar.”
Currently, USDC is both the largest dollar-backed stablecoin issued on Ethereum and the largest ERC-20 asset overall, with over $45 billion in market capitalization residing in the ecosystem at the time of publication. Its reserves are audited and held at U.S. financial institutions such as BlackRock.
Unlike others, Circle continued that it doesn’t expect any issues as the Ethereum blockchain begins its transition, stating:
“Ne očekujemo poremećaje u mogućnostima USDC na lancu niti u našim potpuno automatiziranim uslugama izdavanja i otkupa. Circleovo okruženje za testiranje povezano je s Goerli Ethereum test mrežom, a mi ćemo pomno pratiti kako se spaja s Praterom u narednim danima.”
The company is following suit alongside an increasing number of firms that vouch to transition to Ethereum’s PoS blockchain upon completing the Merge. The day prior, Chainlink said it would not support any proof-of-work forks after the upgrade. Due to the proximity of the upgrade, Ethereum layer-2 solution Optimism has seen its token skyrocket by over 300% due to Merge speculation.
Source: https://cointelegraph.com/news/circle-plans-to-only-support-ethereum-pos-chain-after-merge-is-complete