initia proposes to migrate USDC.n to USDC.inj of Injective.
2026-10-19 16:56:51
According to CoinMeta, initia has proposed a governance initiative due to Circle gradually ceasing support for USDC on Noble. There is a plan to migrate the current USDC.n based on Noble to the native USDC of Injective. This scheme aims to establish a USDC.inj redemption pool, allowing holders of USDC.n on initia, L1, and Rollup to exchange them for USDC.inj at a 1:1 ratio at any time in the future, without the need for users to take any proactive action before Noble stops supporting it.
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