dYdX Chain Votes on v9.9 Upgrade to Move USDC From Noble to Injective
The on-chain vote ends November 16, 2026. A Canonical USDC module keeps balances unchanged while deposits shift to Injective after Circle retires USDC on Noble.
Key Takeaways
- The dYdX Foundation opened an on-chain vote on the dYdX Chain v9.9 software upgrade on November 13, 2026.
- Voting ends November 16, 2026 at 11:32 UTC, and completion is expected around November 18 if the proposal passes.
- USDC on dYdX Chain would move from Noble to Injective because Circle is decommissioning USDC on Noble.
- Balances, collateral and open positions stay unchanged, and the USDC token identifier does not change.
The dYdX Foundation opened an on-chain vote on the dYdX (DYDX) Chain v9.9 software upgrade on November 13, 2026. The upgrade would move the chain's USDC backing from Noble to Injective after Circle retires USDC on Noble. Voting ends November 16 at 11:32 UTC, and completion is expected around November 18 if the proposal passes.
What the dYdX v9.9 Upgrade Changes
The upgrade introduces a Canonical USDC module. It shifts the asset behind USDC on the dYdX Chain from Noble USDC to Injective USDC in a gradual migration. The USDC token identifier and user balances stay the same, so nothing changes in how balances are held. The dYdX Foundation announced the vote on X, and the upgrade discussion is open on the dYdX forum.
Circle is decommissioning USDC on Noble, which is the reason for the move. USDC is the main margin and settlement asset on the dYdX Chain, so the migration keeps one USDC asset on the chain while changing the route it arrives through.
What Happens to Deposits and Withdrawals
After the migration starts, USDC deposits are only supported through Injective. Deposits routed through Noble, including CCTP transfers, are rejected and returned. USDC withdrawals can use either Noble or Injective at first, and withdrawals to other chains are no longer supported. Once the Noble portion is cleared, withdrawals to Noble close after a governance approval.
If on-chain USDC does not receive sufficient support, deposits and withdrawals are suspended automatically, while trading continues as normal.
What Stays the Same
Balances, collateral and open positions are unchanged by the upgrade. Traders keep the same account state through the migration, and only the deposit and withdrawal routes change. The vote runs on-chain until November 16, 2026 at 11:32 UTC.
DYDX traded around $0.086 on November 14, 2026, and the dYdX Token price chart shows the market context ahead of the result.
Frequently Asked Questions
What Is the dYdX v9.9 Upgrade?
It is a dYdX Chain software upgrade that introduces a Canonical USDC module and moves the chain's USDC backing from Noble to Injective. The on-chain vote opened on November 13, 2026.
When Does the dYdX v9.9 Vote End?
Voting ends on November 16, 2026 at 11:32 UTC. If it passes, the upgrade is expected to complete around November 18, 2026.
Why Is dYdX Moving USDC from Noble to Injective?
Circle is decommissioning USDC on Noble, so dYdX Chain needs a new route for its USDC. The upgrade moves the backing asset to Injective USDC.
Do dYdX Balances Change with the v9.9 Upgrade?
No. The USDC token identifier, user balances, collateral and open positions stay the same. Only deposits and withdrawal routes change.
What Happens to USDC Deposits on dYdX after the Upgrade?
Deposits are only supported through Injective once the migration starts. Deposits routed through Noble are rejected and returned to the sender.
Sources
- dYdX Foundation announces the v9.9 upgrade vote · dYdX Foundation
- DRC: Proposal for dYdX Protocol Upgrade to v9.9 · dYdX forum
- dYdX Chain proposal 400: software upgrade v9.9 · dYdX governance
- Prices and market data · Coinranking
