Cosmos Hub completes migration of approximately 566,000 USDC and returns funds to the liquidity pool.

on November 4, according to the Cosmos Hub governance forum, Proposal 1060 has been passed. The community multi-sig has completed the migration of approximately 566,000 Noble USDC to Injective USDC, and all funds have been fully returned to the community treasury.

The community treasury balance listed in the proposal stands at 566,067.055810 USDC.n. The migration was executed by a six-member multi-sig, requiring a minimum of four approvals per transaction. Forum updates indicate that all related multi-sig proposals have been executed, and the funds have been returned as USDC.inj.