Cosmos Hub Completes Migration of Approximately 566,000 USDC and Returns Funds to Community Pool

TechFlow reported on November 4 that, according to the Cosmos Hub governance forum, Proposal 1060 has passed. The community multisig has completed the migration of approximately 566,000 Noble USDC to Injective USDC and returned the funds in full to the community pool.

The proposal listed the community pool balance as 566,067.055810 USDC.n. The migration was executed by a six-member multisig, with each transaction requiring approval from at least four members. Forum updates show that the relevant multisig proposals have all been executed and the funds have been returned as USDC.inj.

Source: TechFlow