dYdX plans canonical USDC migration to Injective-based chain, pending governance approval

dYdX said it plans to introduce canonical USDC on the dYdX Chain v9.9, subject to governance approval. As Circle discontinues support for USDC on Noble, the token’s underlying chain will shift from Noble to Injective. The change will not affect the balances, positions or collateral of users holding USDC on the dYdX Chain.