{"id":253809,"date":"2022-08-09T17:42:43","date_gmt":"2022-08-09T16:42:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=253809"},"modified":"2022-08-09T17:42:43","modified_gmt":"2022-08-09T16:42:43","slug":"circle-to-fully-and-solely-support-ethereum-pos","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/circle-to-fully-and-solely-support-ethereum-pos\/","title":{"rendered":"Circle to ‘fully and solely support Ethereum PoS’"},"content":{"rendered":"

USD Coin (USDC) issuer Circle has revealed<\/a> that it would fully support the Ethereum (ETH<\/a>) proof-of-stake (PoS) chain post-merge.<\/p>\n

According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.”<\/p>\n

While we don\u2019t speculate on the possibility of forks post Ethereum Mainnet merge, USDC as an Ethereum asset can only exist as a single valid \u201cversion,\u201d and as stated previously, our sole plan is to fully support the upgraded Ethereum PoS chain.<\/p><\/blockquote>\n

Additionally, the issuer clarified it would not have any problem with the Merge, and USDC will function efficiently on a PoS blockchain.<\/p>\n

Circle\u2019s testing environment is connected to the Goerli Ethereum testnet, and we will monitor closely as it merges with Prater in the coming days.<\/p><\/blockquote>\n

It means the two largest stablecoins in the crypto space, USDT<\/a>, and USDC, will not support any potential hard forks of ETH.<\/p>\n

Circle's USDC is not only the largest fiat-backed stablecoin on Ethereum but also the biggest ERC-20 asset within the ecosystem.<\/p>\n

Meanwhile, crypto exchanges like Huobi, OKX, Poloniex, BitMEX, and others have revealed<\/a> that they would support ETH hard forks if there is enough demand in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don\u2019t speculate […]<\/p>\n","protected":false},"author":720,"featured_media":253831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,35372,61713,32631],"tags":[77214,76920,77964,77965,76896],"post_folder":[],"acf":[],"yoast_head":"\nCircle to 'fully and solely support Ethereum PoS'<\/title>\n<meta name=\"description\" content=\"Circle says it is excited about what the Merge holds for Ethereum in terms of \u201cscaling opportunities\u201d and \u201cenergy consumption.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/circle-to-fully-and-solely-support-ethereum-pos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle to 'fully and solely support Ethereum PoS'\" \/>\n<meta property=\"og:description\" content=\"Circle says it is excited about what the Merge holds for Ethereum in terms of \u201cscaling opportunities\u201d and \u201cenergy consumption.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/circle-to-fully-and-solely-support-ethereum-pos\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T16:42:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/circle-ethereum-pos.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/circle-to-fully-and-solely-support-ethereum-pos\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/circle-to-fully-and-solely-support-ethereum-pos\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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