Today, Noble launches the Noble Dollar ($USDN), a one-of-a-kind, customizable, composable yield-bearing stablecoin for the modular and interchain ecosystem.
The Noble Dollar goes live alongside a marquee swap product and the Noble Points campaign. For more information, visit dollar.noble.xyz
$USDN is a yielding dollar stablecoin that programmatically directs yield to distribution partners such as users, wallets, application builders, validators and exchanges. Projects can leverage $USDN to create more robust incentive alignment between their community of end users, developers and stakeholders.
$USDN is built on the principle of composable yield, bringing unprecedented flexibility and customizability to the distribution of yield. With $USDN, projects can more effectively take part in the stablecoin liquidity that they attract to their application. Importantly, $USDN’s yield is derived from short-duration U.S. treasury bills, a highly liquid and fungible category of real-world asset (RWA).
$USDN is powered by M^0, a decentralized stablecoin infrastructure layer. $USDN leverages M^0’s collateralization framework that backs over 100% of stablecoin issuance by eligible U.S. treasury bill collateral per the terms of the protocol. $USDN’s current yield is approximately 4.15%.
With over $6.5 billion of stablecoin and RWA volume over the past year, Noble is a reliable infrastructure layer for asset issuance. Noble’s assets and liquidity are leveraged by dozens of blockchains in the modular and interchain ecosystem. With $USDN, appchains, rollups and other distribution partners can leverage Noble’s programmatic and decentralized feature set to direct yield to applicable sources of demand and liquidity.
In concert with $USDN’s launch, Noble’s Points Program is now live. Noble’s Points Program features two vaults: a $USDN Staking Vault and a $USDN Flexible Vault. The Staking Vault allows depositors to lock up their $USDN for up to four months, forfeiting the yield in return for points accumulation. The Flexible Vault allows depositors to earn a base yield from $USDN as well as an additional “boosted” yield accrued in the Staking Vault. For more information, visit points.noble.xyz.
Noble is ensuring that users all over the globe have access to $USDN. At launch, $USDN will be supported in Keplr wallet and can be purchased directly with credit cards or banks via Kado, with more onramps coming soon.
“$USDN is an evolution of stablecoin liquidity for the modular ecosystem. We believe that composable yield will be a game changer for appchains, users, developers and infrastructure providers”, said Jelena Djuric, Co-Founder of Noble. “Today’s launch is the first step in bringing this unique approach to our ecosystem and our goal of having $USDN everywhere.”
“We’re pleased to bring our partnership with Noble to market as they launch $USDN, showcasing how M^0’s platform empowers builders to easily create interoperable, programmable stablecoins,” said Gregory Di Prisco, Co-Founder and Chief Architect of M^0. “By leveraging $M as a foundational building block, Noble is showcasing the power of a decentralized, transparent, and modular approach to stablecoin issuance. With Noble’s proven infrastructure and deep integrations across the interchain ecosystem, $USDN is poised to drive new liquidity and incentive mechanisms for appchains, rollups, and distribution partners."
M^0 provides the secure, decentralized collateralization platform that powers USDN’s stability, liquidity, and yield. This integration cements M^0’s role as the essential infrastructure layer for programmable stablecoins, allowing Noble and its ecosystem partners to offer composable, yield-bearing digital dollars.