Injective has been growing its USDC supply, as well as adding CCTP routes to make it easier to move native USDC onto the chain from other networks. The real question is if that capital stays and is used... Many chains want to be a stablecoin hub, they say. What distinguishes them is the amount of liquidity left when the incentives slacken. Now that $100M+ is sticking on @injective instead of rotating out, it changes the picture.
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