727 FinancePANews October 19 news: Initia stated on the X platform that, as Circle will discontinue USDC on Noble, Initia's USDC will migrate to Injective. Initia Labs has developed a redemption vault, so users do not need to take action themselves: newly transferred-in USDC will arrive as USDC.inj; existing USDC.n remains usable, and when transferred out it will be automatically converted to USDC.inj through the vault before the transfer continues to be completed. Users can also convert at a 1:1 ratio through Initia Wallet.
Initia stated that after January 12, 2027, Circle will only redeem Noble USDC held in wallets. The redemption vault is intended to prevent USDC.n remaining on Initia from being unredeemable at that time.