Neutron, part of the Cosmos ecosystem, has announced its transition to using the native Noble USDC standard, as reported by Odaily. This change replaces the previously used USDC.axl, which functioned across blockchain bridges and carried higher risk. Neutron has advised participants in the Neutron Lockdrop to transfer their USDC.axl/NTRN LP positions to the new USDC/NTRN pool.
The adoption of the Noble USDC standard is aimed at reducing the vulnerabilities associated with cross-chain bridges. While these bridges facilitate interoperability between different blockchains, they also present notable security challenges. By switching to the Noble USDC standard, Neutron intends to enhance both the security and stability of its platform.
Participants in the Neutron Lockdrop are strongly encouraged to migrate their positions from the old USDC.axl/NTRN LP to the newly established USDC/NTRN pool. This transition is anticipated to simplify operations and bolster the protection of participant assets. The shift to the Noble USDC standard is a crucial part of Neutron's broader strategy to strengthen its ecosystem and improve overall operational efficiency.