Injective USDC Becomes Primary Stablecoin Standard for Cosmos Ecosystem and dYdX

According to Cosmos Hub and Cosmos Labs, Injective USDC has been confirmed as the primary stablecoin standard for the Cosmos ecosystem and dYdX. Injective will provide at least four years of long-term USDC support, with an initial issuance exceeding $100 million. dYdX will lead the migration, followed by other chains and applications across the ecosystem coordinated by Cosmos Labs.

This decision follows Noble's exit from the Cosmos platform earlier this year. Noble had been the native IBC USDC issuer, leaving Cosmos chains without a long-term issuance source. Injective will fill this gap and support the ecosystem's stablecoin infrastructure.