Injective-based USDC is set to become the primary stablecoin standard across the Cosmos ecosystem and the dYdX platform, aiming to unify fragmented liquidity and improve cross-chain efficiency. The initiative is spearheaded by Skip:Go, a key Cosmos infrastructure provider, which has already adopted Injective USDC as its base settlement unit.
This move addresses a long-standing challenge of siloed stablecoin liquidity among Cosmos zones. By creating a single widely accepted stablecoin, the ecosystem hopes to simplify transactions, reduce slippage, and attract more institutional participation. For dYdX, which runs on its own Cosmos-based chain, adopting the standard is expected to strengthen interoperability and draw liquidity from the broader Cosmos network.
Meanwhile, the price of Injective’s native token INJ surged nearly 13% in the past 24 hours, reclaiming the $5 range. The breakout has been accompanied by a sharp rise in volume and open interest, while a persistently negative funding rate suggests many traders are still short—raising the possibility of a short squeeze. Technical analysis points to a confirmed rounded‑bottom recovery pattern, with the price now testing immediate resistance at $5.50 and a major supply zone between $6 and $6.20. Sustained bullish momentum above $5.15 could drive the rally toward those levels.
