Injective USDC has been designated as the primary stablecoin standard for the Cosmos ecosystem and dYdX, as confirmed by Cosmos Hub and Cosmos Labs. This transition, announced on May 13, will see Injective providing long-term USDC support for at least four years, ensuring robust reserve backing for developers and applications. The migration will be phased over the coming months, with dYdX spearheading the transition.
Cosmos Labs is coordinating the migration of other chains and applications, with Skip Protocol’s Skip:Go adopting Injective USDC as its default for cross-chain transfers. Migration tools will be released to assist in transitioning from other USDC sources. This move follows Noble's exit from the Cosmos platform, which had left a gap in USDC issuance that Injective will now fill, assuming over $100 million in outstanding issuance.
Injective USDC Becomes Primary Stablecoin for Cosmos and dYdX
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