Injective has announced that its USDC stablecoin is becoming the standard for both the Cosmos ecosystem and the decentralized exchange dYdX. According to reports, over $80 million in USDC is currently awaiting migration to Injective's platform. This includes the Cosmos Hub, which has already moved its treasury to Injective USDC.
Meanwhile, dYdX is in the process of voting on whether to migrate its $68 million share of USDC to Injective. The exchange, known for its high trading volumes, exceeding $1 billion monthly, is considering this move as part of broader integration efforts within the Cosmos network.
The shift toward Injective USDC highlights the growing interoperability between different blockchain ecosystems. As more projects adopt this standard, it could streamline transactions and enhance liquidity across platforms.