Tether, Circle Throw their Weights Behind the Post-Merge Ethereum

In a blog post by Tether on August 9, Ethereum is close to a historical transition from proof of work to proof of stake chain, according to Tether, to thwart any disruption to the community, especially when using Tether’s token in DeFi projects and platforms, the Ethereum transition mustn’t be weaponized to “cause harm or confusion within the ecosystem.”

“For this reason Tether will closely follow the progress and preparations for this event and will support POS Ethereum in line with the official schedule. We believe that a smooth transition is essential for the long term health of the DeFi ecosystem and its platforms, including those using our tokens.” according to a statement in the blog post.

While Tether just released its official statement regarding the merge, Tether CTO, Paolo Ardoino had already disclosed Tether’s plans to support the merge through his social media handle.

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