Tether also confirms its throwing weight behind the post-Merge Ethereum

Cointelegraph

Published Aug 09, 2022 11:05PM ET

Updated Aug 10, 2022 12:40AM ET

Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its support behind Ethereum’s upcoming Merge upgrade and switch to a Proof-of-Stake (PoS) consensus mechanism-based blockchain.

The announcement came on the same day as its stablecoin competitor, who pledged they will only support Ethereum’s highly anticipated upgrade.

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