Initia migrates USDC from Noble to Injective and launches redemption vault

The full chain Rollup L1 network Initia announced that USDC will be migrated from Noble to Injective. Initia Labs has developed a redemption vault that allows users to automatically redeem USDC. n into USDC. inj without the need for any operation. The existing USDC. n can continue to be used, and the newly transferred USDC will be credited as USDC. inj. Users can also exchange it at a 1:1 ratio through Initia Wallet. After January 12, 2027, USDC.n on Initia will not be redeemable. The complete proposal has been published on Initia Scan.