[USDC on Initia to Migrate from Noble to Injective] BlockBeats News, October 19: The cross-chain Rollup L1 network Initia announced that due to Circle discontinuing USDC on Noble, USDC on Initia will migrate to Injective. Initia Labs has developed a Redemption Vault, so users do not need to take any action. Existing USDC.n can still be used as normal, while newly deposited USDC will be credited as USDC.inj. Withdrawals of USDC.n will be automatically redeemed into USDC.inj through the vault and then transferred to the target address. Applications may gradually transition from USDC.n to USDC.inj, and users can also exchange at a 1:1 ratio via the Initia Wallet. Initia stated that after January 12, 2027, only Noble USDC held in wallets can be redeemed with Circle, and USDC.n on Initia will no longer be redeemable. The Redemption Vault ensures that USDC.n holders do not need to act before the Noble CCTP deprecation deadline. The full proposal has been published on Initia Scan. [Original Link]