Circle (USDC) Will Support Ethereum’s PoS Merge Chain Only, No Room For Hard Forks

Summary: USDC stablecoin Issuer Circle has plans to solely support the Ethereum Proof-of-Stake chain post-merge. Circle announced the decision on Tuesday amid rising speculations regarding a Proof-of-Work hard fork by major Ethereum miner Chandler Guo. The digital asset firm stated that only a “single valid version” of USDC can exist. Circle’s stablecoin is the largest ERC-20 asset on ETH’s network with a market cap of over $45 billion. More firms have openly confirmed their support for the Merge as the […]