Cosmos-based Noble first to launch custom stablecoin using cryptodollar infrastructure startup M^0
Powered by @unfolded- The Cosmos-based Noble blockchain has launched USDN, a dollar-denominated stablecoin, utilizing the decentralized infrastructure of M^0.
- M^0, an Ethereum protocol, offers a "stablecoin extension engine" allowing developers to customize stablecoin features while adhering to governance and regulatory policies.
- Noble aims to facilitate stablecoin transfers across various blockchains and has processed over $5 billion in transactions in its first year, while promoting safety, programmability, and interoperability in stablecoin design.
- Unlike traditional stablecoins, M^0 shares yield from backing assets with approved distributors, enhancing liquidity and security across its network of customized stablecoins.