Circle Won’t Support Ethereum Offshoots After Software Upgrade

Circle Internet Financial, issuer of the crypto stablecoin USDC, said it won’t support any offshoots of Ethereum when the blockchain network undergoes a major software update expected to be completed as soon as next month.

USDC is the largest dollar-backed stablecoin on Ethereum with about $45 billion in circulation, as well as the most popular so-called ERC-20 token used to facilitate transactions on Ethereum, Circle said in a blog post Tuesday.