TL;DR

Noble launched USDN, a stablecoin backed by U.S. Treasury bonds, offering annual yields of around 4.15%.
USDN allows users to earn yields from the income generated by U.S. Treasury bonds, distributing them among developers, validators, and platforms.
Noble also introduced a “points” program with “Staking Vault” and “Flexible Vault” options for additional yields.

Noble, a platform built on Cosmos, launched its USDN stablecoin, designed to offer yields to its holders.

Unlike traditional stablecoins like USDT or USDC, which only generate profits for their issuers, USDN allows users to benefit from the income earned through the holding of U.S. Treasury bonds. These revenues are distributed among developers, validators, and platforms supporting the stablecoin, introducing a new model that aligns the incentives of all parties.

The annual yield offered by USDN is approximately 4.15%, although this rate will adjust based on the returns generated by the Treasury bonds backing the coin. This model stands out due to its difference from more common models in the market, like Tether’s, which generates substantial profits from its reserves without sharing them with users.

Noble Launches a Points Program with Flexible Yields

In addition to the launch of USDN, Noble introduced a new “points” program offering users alternative ways to earn yields. This program includes two options: the “Staking Vault,” where users can lock up their USDN for up to four months to earn points, and the “Flexible Vault,” which offers higher yields in exchange for forfeiting yield payments in favor of greater points accumulation.

USDN was built using the M^0 protocol, a framework for launching customizable stablecoins. This protocol provides developers with a base stablecoin that can be adapted to their specific needs, offering greater flexibility in the creation of stablecoins within the ecosystem.

Noble is also recognized as the platform issuing the native asset of USDC in the Cosmos ecosystem. Over the past year, it has facilitated over $6.5 billion in stablecoin transfers across various blockchain applications. Additionally, its collaboration with Hashnote led to the launch of a tokenized short-term yield fund, called USYC, positioning the company as a pioneer in the creation of new financial products within the crypto market

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Filed under: News - @ March 5, 2025 6:23 pm