USDC on Initia will migrate from Noble to Injective.
October 19 - Omnichain Rollup L1 network Initia announced that due to Circle's discontinuation of USDC on Noble, USDC on Initia will be migrated to Injective. Initia Labs has developed a Redemption Vault, requiring no action from users. Existing USDC.n remains fully functional, new incoming USDC will be credited as USDC.inj, and outgoing USDC.n will be automatically redeemed to USDC.inj through the vault and continue to be transferred to the target address. Applications may gradually transition from USDC.n to USDC.inj, and users can also exchange at a 1:1 ratio via Initia Wallet.
Initia stated that after January 12, 2027, only Noble USDC held in wallets can be redeemed to Circle, at which point USDC.n on Initia will no longer be redeemable. The vault allows USDC.n holders to avoid having to act before the Noble CCTP deprecation deadline. The full proposal has been published on Initia Scan.