The Cosmos-based Noble blockchain is the first to launch a new dollar-denominated token, USDN, using decentralized stablecoin infrastructure provided by stablecoin upstart M^0, according to an announcement on Thursday. USDN will leverage $M as its “core building block” to provide the broader Interchain ecosystem with “a credibly neutral digital dollar,” the company said in a statement. “This collaboration not only advances Cosmos-native stablecoin adoption but sets a new precedent for stablecoin design by focusing on safety, programmability, and interoperability,” Noble CEO Jelena Djuric said. “We’re excited to redefine what stablecoin infrastructure can achieve within decentralized finance.”

This investment has also showcased the growing interest in Noble-like solutions for the DeFi markets. Noble is focused on efficient, hyper-scalable issuance of stablecoins across 50 blockchains and enacts the creation of new standards in terms of scalability and performance within the crypto industry, according to Fortune/

Programmable yield, seamless swaps and decentralized control are the hallmarks of a new stablecoin model.

Noble is an appchain built for native asset issuance in Cosmos and the boundless Inter-Blockchain Communication (IBC) ecosystem.

NASD Inc., the company behind Noble, an asset issuance chain built for communication between blockchains, has raised $3.3 million in a seed round. The raise was led by Polychain Capital and included Borderless Capital, Circle Ventures and Wintermute Ventures, among others. Noble was created for native asset issuance in Cosmos and is part of the inter-blockchain communication protocol (IBC) that helps transport data between blockchains. IBC also allows users to exchange assets directly with each other...

Token protocol Noble wants to establish what it says are building blocks missing in the Cosmos ecosystem. It’s now coming out of stealth mode after six months of development, setting its mainnet launch for Monday. Cosmos needs a native stablecoin to deepen the liquidity of the Cosmos ...

“We’re not a monolithic base layer like Solana, Ethereum or even Arbitrum,” Djuric said. “We’re actually a chain with a validator set that is plugged into 45 or so distinct appchains, where we issue in under a second of block times.” Noble serves as an intermediary, working with stablecoin issuers to efficiently distribute their product across 50 different blockchains and providing developers with a seamless user interface to ensure that their appchains are compatible with Noble.