#dydxplansv9.9upgradetoshiftusdctoinjective 🔄 dYdX proposes v9.9 upgrade to transfer USDC support to Injective
A major infrastructure change is underway in the decentralized derivatives sector. dYdX is currently voting on a strategic upgrade to transfer USDC support from Noble to Injective.
📰 Top news:
Following Circle’s announcement that it would end USDC support on the Noble network, dYdX launched an on-chain governance vote for the v9.9 upgrade to its protocol x.com. If approved, this update will transfer dYdX Chain’s USDC support to Injective, introducing a new “canonical USDC” standard thedefiant.io. The transition is designed to be seamless, so users’ existing balances and trading operations remain completely unchanged thedefiant.io.
📊 Market impact:
• dYdX stability: Proactively aligns with Circle’s new infrastructure roadmap, ensuring collateral security and long-term operational continuity www.linkedin.com.
• Injective ecosystem: Strengthens Injective’s growing role as a leading hub for stablecoins across the broader Cosmos network, potentially boosting cross-chain activity and utility injective.com.
• DeFi resilience: Highlights the strength of decentralized governance, which enables protocols to adapt quickly to macro-level infrastructure changes without disrupting retail users.
💬 Discussion:
Do you think moving to Injective’s USDC infrastructure will give dYdX a long-term advantage in the decentralized perpetuals market? Share your analysis below! 👇
$SHELL
$SOPH
$AKE
A major infrastructure change is underway in the decentralized derivatives sector. dYdX is currently voting on a strategic upgrade to transfer USDC support from Noble to Injective.
📰 Top news:
Following Circle’s announcement that it would end USDC support on the Noble network, dYdX launched an on-chain governance vote for the v9.9 upgrade to its protocol x.com. If approved, this update will transfer dYdX Chain’s USDC support to Injective, introducing a new “canonical USDC” standard thedefiant.io. The transition is designed to be seamless, so users’ existing balances and trading operations remain completely unchanged thedefiant.io.
📊 Market impact:
• dYdX stability: Proactively aligns with Circle’s new infrastructure roadmap, ensuring collateral security and long-term operational continuity www.linkedin.com.
• Injective ecosystem: Strengthens Injective’s growing role as a leading hub for stablecoins across the broader Cosmos network, potentially boosting cross-chain activity and utility injective.com.
• DeFi resilience: Highlights the strength of decentralized governance, which enables protocols to adapt quickly to macro-level infrastructure changes without disrupting retail users.
💬 Discussion:
Do you think moving to Injective’s USDC infrastructure will give dYdX a long-term advantage in the decentralized perpetuals market? Share your analysis below! 👇
$SHELL
$SOPH
$AKE
