USDT warn! only the tokens on the PoS network will be redeemable

Grayscale warning ahead of the Ethereum Merge: “issuers like Tether and CirclePay have stated that post-fork, only the tokens on the PoS (proof of stake) network will be redeemable”, so if the PoS-based Ethereum fork goes “live with a parallel DeFi ecosystem, collateralized with unredeemable stablecoins, users and smart contracts may attempt to liquidate positions on the new chain, contributing to sell pressure on the new token.”

The worst case scenario of the Merge is the collapse of Ethereum based stablecoins, so be careful with those.

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