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Cosmos Hub voters consider moving 566K USDC.n to Injective amid Circle's USDC contract pause plans

Protocol Fundamentals
02 Nov 2026, 15:11 WIB
Tokenpost
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Neutral
Cosmos Hub voters consider moving 566K USDC.n to Injective amid Circle's USDC contract pause plans

Cosmos Hub voters are deciding on Proposal 1060 to transfer 566,067.055810 USDC.n from the community pool to Injective, converting tokens to Injective-issued USDC (USDC.inj). This move is part of a broader migration, with 12.7 million USDC already moved to Injective and 93.97 million USDC.n still in the ecosystem. Circle plans to pause the Noble USDC contract and CCTP routes on January 12, 2027, following a gradual reduction in burn limits starting October 31 and a pause of V1 contracts on December 1. The vote on Proposal 1060 closes November 3, impacting how USDC tokens are managed within the ecosystem.

Injective (INJ) trades at Rp128.448 on Pluang as of Nov 02, 2026 20:21 WIB, down 2.39% in the last day. The token has a market cap of Rp13.03 trillion and a 24-hour trading volume of Rp1.08 trillion. Pluang users show balanced order activity with 51% selling and 49% buying, holding INJ for an average of 38 days.

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