Injective said it plans to add native USDC issuance and integrate Circle's Cross-Chain Transfer Protocol, enabling direct USDC movement between supported networks. The setup would replace bridged or wrapped versions with native minting, using a burn-and-mint process designed to lower bridge-related transfer risk.

The U.S. Commodity Futures Trading Commission said Tuesday it will not recommend enforcement action against Phantom for not registering as an introducing broker as it explores adding derivatives functionality. The agency described the proposed product as a passive front-end that lets users route orders directly to registered exchanges or brokers, subject to disclosure, compliance, and recordkeeping conditions.