Today, we are excited to announce that Noble will be migrating its Cosmos SDK-based blockchain to a standalone EVM Layer 1. 

Noble is the pioneering stablecoin-centric blockchain that is built from the ground up for stablecoin applications such as payments, embedded defi and agentic commerce. Originally designed as a neutral liquidity hub for stablecoin and RWA issuance and interoperability, Noble has rapidly evolved into a chain supporting real end-user stablecoin applications, with active partnerships across DeFi, privacy, corporate and payments use cases. 

The network is now transitioning from its original Cosmos roots to a high-performance EVM L1 purpose-built for stablecoin applications. This new network, which will continue to be referred to as Noble, is expected to launch mainnet on March 18, 2026.

How we got here, and where we’re going 

Since inception in 2023, Noble has processed more than $22 billion in transaction volume and has been the primary liquidity layer for over 50 blockchains. Today, Noble’s ecosystem partners have issued over $250 million of assets and Noble supports approximately 30,000 monthly active users globally. Over the last three years, Noble has become a trusted brand in the secure, efficient delivery of stablecoin liquidity.

The next phase of Noble’s development is bringing the same performant and secure environment we pioneered to the EVM, with sub-second finality for real-world stablecoin applications. Noble will be leveraging the state of the art Commonware stack and a proven, institutionally-focused Proof of Authority validator set in its upcoming EVM L1.

Noble's own USDN stablecoin will be a central feature to the EVM L1, enabling developers to programmatically direct yield to users and allowing protocols to create rich consumer financing, reward and loyalty applications. 

These capabilities underpin a growing pipeline of stablecoin-native applications across foreign exchange (FX), embedded DeFi and agentic payment flows that will be achievable with the EVM L1 launch.  Collectively, this positions Noble as infrastructure for the stablecoin base layer of crypto, where payments, FX yield and settlement increasingly converge.

How is the new network architected?

After extensive product research across several blockchain and distributed systems frameworks, Commonware has been chosen as the EVM L1 solution. Commonware is an open-source set of Rust primitives for building modern blockchains, and is particularly well-suited to scalable, stablecoin-centric applications.

Noble’s EVM will be powered by Reth, an Ethereum execution client written in Rust. For consensus, Simplex will be implemented (as Commonware’s consensus::threshold_simplex module). Simplex is a blazing-fast, novel consensus protocol that securely orders transactions.

Why migrate to EVM?

The rationale for switching development stacks is straightforward:

• To serve as safe, reliable and performant global stablecoin infrastructure, a state of the art and high-performance technology stack is needed to build on. Commonware + Reth gives us exactly that.
  
  

• We want to meet users and developers where they already are, using tools and interfaces they are familiar with.

• Our product plans are ambitious, and the legacy Noble architecture limited our capacity to ship features and products in an efficient and scalable manner.  

What features does the L1 have?

• Subsecond block times: This means that transactions finalize in <500ms. User actions like deposits and swaps will feel instant and immediately responsive.
  
  

• Permissionless deployment: From Day 1, developers can deploy applications permissionlessly.
  
  

• Dedicated payment lanes: Partitioning block space into distinct components for specific use cases will allow builders to prioritize transactions for real-world payment use cases.   

Which applications and assets will be available on Noble EVM?

Noble Dollar (USDN): Noble’s EVM will be the new home for Noble’s flagship asset, Noble Dollar (USDN). USDN is Noble's native yield-bearing stablecoin fully backed by short term U.S. Treasuries, powered by M0.

Foreign Currency (FX) Decentralized Exchange (DEX): Noble’s chain will be anchored by a novel DeFi protocol routing foreign exchange flows across USD and Euro stablecoins, rapidly growing to support additional major FX pairs. Noble plans to become a primary venue for token issuance and trading, which includes the introduction of capital-efficient FX perpetuals that allow users to hedge and trade currency risk using stablecoins.

Managed Vaults: A vault contract will be deployed on Noble EVM to give USDN holders the opportunity to improve yields through a managed Pendle strategy executed on HyperEVM. This will expand USDN’s footprint and seed initial liquidity for usage in DeFi yield structures enabled by Pendle’s YT and PT tokens. 

Payments: The Noble EVM will function as the clearance and settlement chain for card-linked payment processing, p2p payments, and all payment activity enabled by Noble to institutions, corporations, retailers and beyond. 

$NOBLE: DeFi applications including the flagship DEX will support liquidity for the $NOBLE token. $NOBLE will serve as the governance and economic alignment asset, tying protocol decisions and value back to stablecoin usage across the network.

What happens to the legacy Cosmos chain?

The Noble development team is focused on a smooth transition to the EVM L1 and it is the intention to continue to support the existing Cosmos SDK-based blockchain in the short term. That said, the long-term plan is to place the Cosmos chain on maintenance mode. This means there will be no feature development and only security updates will be pushed as required.

Importantly, Noble’s IBC connections to existing chains in Cosmos will remain completely unchanged. The Noble team is committed to ensuring continued IBC functionality for the existing ecosystem of appchains that rely on Noble’s liquidity is maintained (and improved) following the launch of the EVM L1.

Regarding asset migration, the Noble team is working on enabling ideal migration paths for each supported stablecoin to create a streamlined and unified UX for users to easily move funds from the Cosmos chain to the Noble EVM L1. 

For a period of time, liquidity and assets will still exist on the Cosmos chain. The plan is to provide a seamless path for users to migrate funds to the Noble EVM L1, with the goal being to trend towards all liquidity eventually living on the Noble EVM. 

Conclusion

Noble’s vision is to provide scalable, secure and performant global stablecoin infrastructure. Upgrading to a safe, reliable, and high-performant EVM L1 enables the achievement of this vision, while making it easier for users and developers to build and interact with Noble.

On March 18, 2026, we plan to unveil the next phase of Noble, an EVM L1 with low-latency block times, permissionless contract deployment, developer friendly environment, a native yielding, a DEX purpose-built for stablecoins and many future applications in development. And that is just the beginning! We’re excited to welcome users, builders, and partners into this next chapter of Noble.