According to dYdX Foundation, an on-chain governance vote for dYdX Chain v9.9 software upgrade began on November 13 and will conclude on November 16 at 19:32 UTC. The upgrade will introduce a Canonical USDC module to transition the blockchain's USDC backing from Noble USDC to Injective USDC, as Circle is discontinuing USDC support on Noble. User USDC balances and token identifiers will remain unchanged. Starting with the migration, USDC deposits will only be accepted via Injective, while deposits from Noble (including CCTP transfers routed through Noble) will be rejected and returned. USDC withdrawals will remain available through either Noble or Injective, but withdrawals to other chains will no longer be supported. Pending governance approval, withdrawals to Noble will eventually be disabled once its position is cleared. If the vote passes, the upgrade is expected to complete around November 18 at 01:00 UTC.
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