Cosmos Hub passes proposal to migrate about 566,000 USDC to Injective-native version

We Nov 4: Cosmos Hub governance proposal No. 1060 has passed, planning to use a community multisig wallet to migrate approximately 566,000 Noble-native USDC (USDC.n) held by the community pool into Injective-native USDC (USDC.inj), returning it to the community pool after the migration. Previously, Circle announced it would stop supporting USDC on Noble and the cross-chain transfer protocol CCTP V1, with plans to suspend the Noble USDC contract and related cross-chain routes on January 12, 2027.