Our platform for purchasing and redeeming the GYEN and ZUSD stablecoins will be paused starting at approximately Wednesday, September 14, 2022,12:00 PM EDT as we prepare to support Ethereum’s The Merge event. This change is significant because it merges the current execution layer and the Beacon Chain with its new proof-of-stake (PoS) consensus. The brief pause in services is to support the Ethereum PoS chain post-merge.
The Ethereum (ETH) Mainnet Merge is scheduled to occur between September 13th and 15th, 2022, EDT, and may change depending on the status of The Merge event by Ethereum. Following the update, we will resume processing requests. For more details on the Ethereum Mainnet Merge, please refer here.
While our services are paused, we will be unable to process transactions, so please hold on submitting any purchase or redemption requests until after The Merge, and please be aware that there may be risks of phishing and spoofing during this period. We will follow up with another email when our Ethereum services are back online.
Our commitment is to support the Ethereum PoS chain solely, and we will not support any forked tokens that may be created due to the merge. GYEN and ZUSD, as digital assets issued on the Ethereum PoS blockchain, are the only valid ERC-20 tokens issued by GMO Trust.
We appreciate your understanding and patience during the update process. Thank you for using GMO Trust's stablecoin service.
GMO Trust Team