As of October 16, 93.97 million USDC remain on Noble; CCTP V1 to be discontinued on December 1
Original headline10월 16일 기준 노블 USDC 9397만개 잔류…CCTP V1 12월 1일 중단
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Circle began reducing the burn limit on Cross-Chain Transfer Protocol (CCTP) V1 on October 31, with the contracts set to halt entirely on December 1, while Noble-based USDC contracts and related CCTP routes will be discontinued separately on January 12, 2027. New issuance of Noble USDC via Circle Mint stopped on October 13, and Circle has confirmed that Noble will not support CCTP V2. According to Cosmos Hub's quarterly update, 93.97 million Noble-based USDC remained in the ecosystem as of October 16, of which 12.7 million had migrated to Injective (INJ). The wind-down matters because it marks the end of native USDC issuance on the Noble chain, the primary hub for USDC in the Cosmos ecosystem, forcing remaining holders and integrations to migrate. Watch for the pace of the burn-limit reductions through December 1, further outflows of the residual ~94 million USDC to other chains, and whether Noble secures an alternative path for USDC liquidity.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Circle (CRCL), CCTP V1, USDC, Noble, Injective (INJ)
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