USDT and USDC move into Bitcoin ecosystem, raising fork governance concerns
- —Tether to issue USDT on Bitcoin via the RGB protocol
- —Circle to integrate USDC into Bitcoin-based Alpen infrastructure
- —In a fork, issuers could decide which chain's tokens remain official
- —USDT and USDC together represent hundreds of billions of dollars
Why it matters: As stablecoins take a larger share of Bitcoin activity, Tether and Circle gain indirect influence over the outcome of any future fork.
Source: Cryptoast