Injective USDC becomes the standard for Cosmos and dYdX stablecoins

Cosmos Hub and Cosmos Labs have confirmed that Injectable USDC will become the primary stablecoin standard for the Cosmos ecosystem and dYdX, and have committed to providing at least four years of support. DYdX will be the first to complete the migration, and Skip Protocol's Skip: Go will use Injective USDC as the default USDC. Cosmos Labs will release migration tools to help chains and applications migrate from other USDC sources. Earlier this year, Noble withdrew from the Cosmos platform, resulting in the loss of long-term distribution sources. Injective will fill the gap and undertake over $100 million in issuance.