Ethereum Merge proof - The Metaeconomist

Tether to support Ethereum Proof of Stake

10 August 2022

Category

Soon after the official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has officially confirmed its support behind Ethereum’s upcoming Merge upgrade and switch to a proof-of-stake (PoS) consensus mechanism-based blockchain.

In a Tuesday statement, Tether identified the Merge as one of the “most significant moments in blockchain history” and outlined that it will work in accordance with Ethereum’s upgrade schedule, which is currently slated to go through on Sept. 19: “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.”

Tether (USDT) is currently the largest stablecoin in crypto, with a total market cap of $66.6 billion, while USDC is relatively close behind at $54.1 billion, according to CoinGecko. 

Source https://cointelegraph.com/news/usdt-issuer-tether-also-confirms-its-throwing-weight-behind-the-post-merge-ethereum-chain

Recent Post
Forbes under 30 list on blockchain - themetaeconmist

Forbes Under 30 list lands on blockchain

agri-food sector blockchain

Agribusiness revolution with the blockchain innovation

Zipmex interrupts trading activity in Thailand

Altman is back, former OpenAI CEO is in charge again. Revolution in the Board

OpenAI and Microsoft logo

Great Migration: after Brockman, Altman too leaves OpenAI for Microsoft

ai tokens - themetaeconomist

Top performance in the weekend for AI tokens

1 2 3 56
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu