Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Our sole plan is to support the Ethereum PoS chain, Says Circle

Our sole plan is to support the Ethereum PoS chain, Says Circle 2

The second biggest stablecoin issuer company Circle officially announced to support Ethereum’s “the merge”. 

Circle is a USDC stablecoin issuer company. USDC stablecoin is the second biggest stablecoin in the crypto industry, just after Tether (USDT). However, Circle is standing at second rank but still, people love it as the first choice over USDT because of better transparency by the company about the backend funds. 

On 9 August, Circle published a blog post and confirmed that Ethereum’s “TheMerge” is what, for which company was already looking.

Circle said that the company wants a highly scalable blockchain network for USDC, to unlock high scale & efficient transactions with low consumption of energy. 

Further Circle said:

“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.”

Circle also said that the company has no problem with Ethereum’s merge plan and also USDC will efficiently work on the Ethereum PoS consensus. 

The USDC issuer also said that it is already testing its USDC on the testnet of Ethereum. 

Circle said Circle’s testing environment is connected to the Goerli Ethereum test net, company will monitor closely as it merges with Prater in the coming days. This statement by Circle is a clear answer that the company will not support Ethereum Hardfork and possibly USDT will also not. 

Recently big crypto exchanges like Huobi, OKX, Poloniex, BitMEX, and others clearly said that they can support Ethereum forks in a situation if they will get significant demand from the crypto industry.

For almost every stablecoin, the Ethereum network is very important because majority of them are dependent on the ERC-20 smart contract protocol of Ethereum. However Ethereum will take more than a year to show real efficiency in terms of transaction fees but still, here we can expect much from Ethereum network supported Stablecoins & crypto assets because the next 2-3 years will change the whole game of the competition. According to Vitalik, Ethereum may process transactions for 5 cents fees with better development after zk rolloups in Ethereum blockchain.

Read also: Vitalik believes before “the merge” ETH price may not go pretty

Our sole plan is to support the Ethereum PoS chain, Says Circle






Ads by Cryptonews24



🚀🚀Get ready for the biggest ICO of 2022.
✅ICO starts from August 16, 2022
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain






In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat