Stablecoin project Noble announces migration from Cosmos ecosystem to independent EVM network

Odaily News: Noble, a Cosmos application chain focused on stablecoins, has announced its migration from the Cosmos ecosystem to an independent EVM Layer 1 network, scheduled to launch on March 18. Noble stated that this move aims to leverage the Commonware technology stack written in Rust and the Reth Ethereum client to enhance performance and gain broader support from AI and crypto developers. Since 2023, Noble has processed over 22 billion token transactions, with 30,000 monthly active users. Its native stablecoin, Noble Dollar (USDN), will become a core feature of the new EVM chain, supporting yield distribution to users. During the transition, the team will continue to support Cosmos-based blockchains, ensuring existing IBC connections remain unaffected, with the ultimate goal of migrating all liquidity to Noble EVM.