# More Than $80 Million in USD Coin (USDC) Awaits Migration to Injective By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/57214 Published: 2026-11-14T05:18:18.000Z Updated: 2026-11-14T05:18:18.000Z Section: Technology > Cosmos Hub has moved its treasury to Injective-issued USDC, while dYdX voters weigh a $68 million migration. Injective announced that more than $80 million in USD Coin (USDC) is awaiting migration to its network, with a $68 million dYdX share still under a governance vote. Cosmos Hub has completed its treasury move to Injective USDC. Injective described USDC on its network as becoming a common standard for Cosmos and dYdX. The dYdX Foundation’s [proposed v9.9 upgrade]() would shift USDC backing on dYdX Chain from Noble to Injective. The planned v9.9 release would introduce a Canonical USDC module, then progressively substitute Injective-issued USDC for Noble’s backing; the existing token identifier and account balances would stay intact. Injective also pointed to dYdX’s monthly trading volume of more than $1 billion. ## Links in this article - [proposed v9.9 upgrade](https://www.tokenpost.com/news/technology/56605)