Injective USDC will become the primary stablecoin standard for the Cosmos ecosystem and dYdX.

Foresight News reports that Cosmos Hub and Cosmos Labs have confirmed that Injective USDC will become the primary stablecoin standard for the Cosmos ecosystem and dYdX. Injective has committed to at least four years of long-term USDC support, providing developers, institutions, and applications with the necessary capital reserves. The migration will gradually take place over the coming months. dYdX will be the first to complete the migration. Cosmos Labs is coordinating the migration of other chains and applications throughout the ecosystem.

Skip Protocol's Skip:Go currently handles the majority of cross-chain transfers in Cosmos, and it will adopt Injective USDC as its default USDC. Cosmos Labs will release migration tools for chains and applications migrating from other USDC sources.

Earlier this year, Noble announced its exit from the Cosmos platform. Noble has long been the native USDC issuer for IBC. This move left Cosmos chains and applications without a long-term issuance source. Injective will fill this gap and has taken on an issuance volume of over 100 million dollars.