Ethereum is approaching one of the most important moments in blockchain history as it prepares to transition from POW to POS. Tether believes that to avoid disruption to the community, especially when using the tokens in DeFi projects and platforms, it is important that the transition to POS is not weaponized to cause disruption and damage within the ecosystem. Masu.
For this reason, Tether will closely monitor the progress and preparations for this event and will support POS Ethereum in line with the official schedule. We believe a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using tokens. As the issuer of Tether tokens, Tether will only support Tether tokens on the Ethereum POS chain after the merge, and will stop supporting the Ethereum POW chain after the merge.
It is the largest stablecoin on the market, trading at 10x the volume of its closest competitor, and on the Ethereum blockchain, where 3x more people hold Tether in their wallets than any other stablecoin. As the most used stablecoin in the world, we recognize that it is our responsibility to give you peace of mind. A community that supports its development.
While we do not speculate on the possibility of a fork connected to an Ethereum mainnet merge, the Tether token as an Ethereum asset can only exist as a single valid “version” and, as mentioned above, our The plan is to only support upgraded Ethereum POS chains. .
