Noble launched USDN, the first-of-its-kind programmable, composable yield stablecoin, built on M^0’s decentralised stablecoin infrastructure.
Stablecoin issuance platform Noble launched the Noble Dollar (USDN), a 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.
USDN programmatically directs yield to distribution partners such as users, wallets, and exchanges. Projects can leverage the stablecoin to create more robust incentives among their community, while taking part in liquidity that they attract to their application.
USDN’s yield is derived from short-duration U.S. treasury bills, and is powered by M^0, a decentralised stablecoin infrastructure layer. With USDN, appchains, rollups and other distribution partners can leverage Noble’s programmatic and decentralised feature set to direct yield to applicable sources of demand and liquidity.
Noble’s Points Program is also live and 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 and an additional boosted yield accrued in the Staking Vault
At launch, USDN will be supported by the Keplr wallet, and can be purchased directly with credit cards or banks via Kado, with more on-ramps 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 decentralised, 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.”
