Injective migrates exchange dApps to native USDC via Circle CCTP

On May 7, 2026, Circle’s Cross-Chain Transfer Protocol (CCTP) and native USDC went live on Injective’s mainnet. Injective is migrating all exchange decentralized applications on its Layer 1 blockchain to native USDC, replacing bridged USDT and USDCnb.

CCTP moves USDC between chains by burning tokens on the source chain and minting them on the destination chain instead of locking assets in bridge contracts. Circle supports minting and burning directly on Injective and publishes reserve attestations for USDC.

The migration is backed by governance proposals on Injective. The governance vote recorded 25.8% Yes, 74.2% Abstain and 0% No.

Injective deployed a conversion widget that lets users swap bridged USDT and USDCnb for native USDC on the platform as exchange dApps transition to the native token.

CCTP enables native USDC transfers across more than 20 blockchains. Injective’s migration replaces wrapped or bridged representations that arose when tokens moved between Cosmos-based networks over the Inter-Blockchain Communication protocol.

The migration proposal states the change will standardize trading pairs on native USDC and reduce the operational complexity of supporting multiple bridged assets. Circle’s attestations indicate the same USDC reserves back the token on each chain where it is minted.

Users holding bridged stablecoins can convert balances with the on-platform widget while the exchange dApps complete their transition.