Circle is winding down USDC support on Noble, prompting Cosmos Labs to coordinate a migration of the ecosystem's primary dollar-liquidity route to Injective. Circle Mint will stop minting USDC on Noble on October 13, 2026, while redemptions remain available until January 12, 2027. Noble-based USDC, identified as USDC.n, can begin moving to Injective-issued USDC, or USDC.inj, through Skip:Go on September 11. The transition affects roughly $92 million of USDC and more than 50 Cosmos-linked chains that used Noble as a canonical issuance and IBC distribution point. CCTP V1 burn limits will begin declining on October 31, tightening exit options ahead of the final shutdown. Circle will snapshot remaining Noble USDC on January 12 and begin manual redemptions the next day for eligible holders who control their wallets and pass compliance and security checks. Balances held in liquidity pools or smart contracts at the snapshot will not qualify, increasing pressure on protocols to migrate markets, pools, wallets and routing systems before the deadline.