diff --git a/src/migrations/index.ts b/src/migrations/index.ts
index adba462e449..9dea165b0f5 100644
--- a/src/migrations/index.ts
+++ b/src/migrations/index.ts
@@ -14,6 +14,7 @@ import { deleteImgixMMKVCache } from '@/migrations/migrations/deleteImgixMMKVCac
 import { migrateNotificationSettingsToV2 } from '@/migrations/migrations/migrateNotificationSettingsToV2';
 import { prepareDefaultNotificationGroupSettingsState } from '@/migrations/migrations/prepareDefaultNotificationGroupSettingsState';
 import { changeLanguageKeys } from './migrations/changeLanguageKeys';
+import { fixHiddenUSDC } from './migrations/fixHiddenUSDC';
 
 /**
  * Local storage for migrations only. Should not be exported.
@@ -34,6 +35,7 @@ const migrations: Migration[] = [
   prepareDefaultNotificationGroupSettingsState(),
   migrateNotificationSettingsToV2(),
   changeLanguageKeys(),
+  fixHiddenUSDC(),
 ];
 
 /**
@@ -90,7 +92,7 @@ export async function runMigrations(migrations: Migration[]) {
   const ranMigrations = [];
 
   for (const migration of migrations) {
-    const migratedAt = storage.get([migration.name]);
+    const migratedAt = false;
     const isDeferable = Boolean(migration.defer);
 
     if (!migratedAt) {
diff --git a/src/migrations/migrations/fixHiddenUSDC.ts b/src/migrations/migrations/fixHiddenUSDC.ts
new file mode 100644
index 00000000000..1626c410eee
--- /dev/null
+++ b/src/migrations/migrations/fixHiddenUSDC.ts
@@ -0,0 +1,42 @@
+import { BooleanMap } from '@/hooks/useCoinListEditOptions';
+import { Migration, MigrationName } from '@/migrations/types';
+import { loadAddress } from '@/model/wallet';
+import { MMKV } from 'react-native-mmkv';
+
+const storage = new MMKV();
+
+export function fixHiddenUSDC(): Migration {
+  return {
+    name: MigrationName.fixHiddenUSDC,
+    async defer() {
+      // get account address from local storage
+      const accountAddress = await loadAddress();
+      const storageKey = 'hidden-coins-obj-' + accountAddress;
+      const hiddenTokensEntry = storage.getString(storageKey);
+
+      // all usdc tokens on our supported networks
+      const keysToRemove = [
+        '0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48',
+        '0x2791bca1f2de4661ed88a30c99a7a9449aa84174_polygon',
+        '0x7f5c764cbc14f9669b88837ca1490cca17c31607_optimism',
+        '0xff970a61a04b1ca14834a43f5de4533ebddb5cc8_arbitrum',
+        '0xd9aaec86b65d86f6a7b5b1b0c42ffa531710b6ca_base',
+        '0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d_bsc',
+      ];
+      if (hiddenTokensEntry) {
+        const list = Object.keys(JSON.parse(hiddenTokensEntry));
+
+        // filter out USDC tokens
+        const newHiddenCoins = [
+          ...list.filter((i: string) => !keysToRemove.includes(i)),
+        ].reduce((acc, curr) => {
+          acc[curr] = true;
+          return acc;
+        }, {} as BooleanMap);
+
+        // save to storage
+        storage.set(storageKey, JSON.stringify(newHiddenCoins));
+      }
+    },
+  };
+}
diff --git a/src/migrations/types.ts b/src/migrations/types.ts
index 7777fe47067..41d12653472 100644
--- a/src/migrations/types.ts
+++ b/src/migrations/types.ts
@@ -12,6 +12,7 @@ export enum MigrationName {
   migrateNotificationSettingsToVersion2 = 'migration_migrateNotificationSettingsToVersion2',
   prepareDefaultNotificationGroupSettingsState = 'migration_addDefaultNotificationGroupSettings',
   changeLanguageKeys = 'migration_changeLanguageKeys',
+  fixHiddenUSDC = 'migration_fixHiddenUSDC',
 }
 
 export type Migration = {