Injective has launched native USDC on its mainnet using Circle's Cross-Chain Transfer Protocol (CCTP), becoming the canonical USDC standard across the Cosmos ecosystem, including major players like Cosmos Hub and dYdX. This move fills the gap left by Noble's exit from USDC issuance, consolidating over $100 million in stablecoin supply under one standard. dYdX, handling $4 billion monthly in derivatives, now uses Injective USDC exclusively, reducing cross-chain risks. Additionally, transaction fees from Injective USDC activity will fund ATOM buybacks, linking stablecoin usage directly to Cosmos Hub's token value. The four-year adoption commitment signals long-term infrastructure stability but also centralizes critical ecosystem infrastructure under Injective.
Cryptocurrency markets saw a general decline with major coins like Bitcoin dropping 2.03% to $77,737 and Ethereum falling 1.66% to $2,457.87. Other notable cryptocurrencies such as Binance Coin, XRP, and Dogecoin also experienced significant decrease...
Cosmos (ATOM) surged 12.81% with a notable increase in both Spot and Futures trading volumes, reflecting heightened market interest amid a broader altcoin rotation. The token approached the $1.80 level, supported by a 110% rise in Spot volume and a 1...
The VVV cryptocurrency jumped 55.9% in 24 hours to $27.86, standing out in an otherwise steady crypto market where Bitcoin gained just 1%. This surge highlights growing investor interest in smaller altcoins despite Bitcoin's dominant 58.4% market sha...
Venice Token surged 32.29% to $24.92, boosting its market cap to $1.19 billion, driven by its recent listing on a major exchange which attracted strong investor interest. Other notable gainers included Polkadot, Cosmos Hub, Ethereum Classic, and VeCh...
