Stablecoin-focused Noble protocol will sunset Cosmos appchain and launch EVM-based Layer 1
Noble is migrating its Cosmos SDK-based blockchain to a standalone EVM Layer 1 to better serve as stablecoin and FX infrastructure.Summary
Noble, a stablecoin-focused protocol previously built on the Cosmos SDK, is pivoting by sunsetting its current appchain to launch a standalone EVM-based Layer 1, expected on March 18. Founder Jelena Djuric stated the move is necessary to create a more performant stack for builders, aiming to become foundational infrastructure for stablecoins and foreign exchange (FX), rather than just a single application. The new Noble EVM will be purpose-built for stablecoin applications, featuring sub-second finality and leveraging the Commonware stack. Noble's yield-paying USDN stablecoin will be a central feature, integrated into a managed vault using a Pendle strategy. The new chain will also host a novel DeFi protocol for FX swaps between USD and EUR stablecoins, and support liquidity for the NOBLE governance token. Crucially, while the team transitions assets, Noble's existing IBC connections to the Cosmos ecosystem will remain unchanged to ensure continued interoperability for relying appchains.
(Source：The Block)