Two major stablecoin issuers have announced that they will fully support Ethereum's switch to a Proof-of-Stake blockchain.
Circle, which issues USDC, warned that it has no plans to support any proof-of-work forks that may emerge, adding: "While we don’t speculate on the possibility of forks post Ethereum Mainnet merge, USDC as an Ethereum asset can only exist as a single valid 'version,' and as stated previously, our sole plan is to fully support the upgraded Ethereum PoS chain."
Developers say PoS will use substantially less energy than PoW did — and reduce barriers to entry because less advanced hardware is required. Those interested in staking can also pool their resources with others.
USDC is not as major as USDT. Its trading volume is 10 times lower than its supply which makes me think that the latter is inflated.
Looking forward to mining the inevitable fork.
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Huh? Why is nobody talking about this? …
This needs to be fixed ASAP ...