According to Odaily, Neutron, a part of the Cosmos ecosystem, has announced its transition to the native Noble USDC standard. The move is a departure from the risk-prone USDC.axl, which operates across blockchain bridges. Neutron has encouraged participants of the Neutron Lockdrop to migrate their old USDC.axl/NTRN LP positions to the new USDC/NTRN pool.
The shift to the Noble USDC standard is seen as a strategic move to mitigate the risks associated with cross-chain bridges. These bridges, while enabling interoperability between different blockchains, can also pose significant security risks. By adopting the native Noble USDC standard, Neutron aims to enhance the security and stability of its operations.
Participants of the Neutron Lockdrop are being urged to migrate their positions from the old USDC.axl/NTRN LP to the new USDC/NTRN pool. This move is expected to streamline operations and further secure the assets of the participants. The transition to the Noble USDC standard marks a significant step in Neutron's ongoing efforts to improve its ecosystem.