- Stablecoin platform Noble partners with M^0 to launch $USDN – a stablecoin built on M^0’s customizable stablecoin building block ($M).
- M^0’s new stablecoin extension engine empowers developers to create customized digital dollar assets using $M, offering flexibility in branding, compliance, and yield distribution while maintaining ecosystem-wide interoperability.
M^0, the decentralized stablecoin infrastructure layer, today unveiled advanced tools designed to empower stablecoin developers. Among the standout developments is the upcoming launch of $USDN, a dollar stablecoin on the Noble blockchain, which will leverage M^0’s foundational building blocks to streamline liquidity and interoperability across blockchain ecosystems.
The collaboration highlights the growing significance of modular, multi-chain infrastructure in addressing the challenges stablecoin issuers face today.
By introducing its stablecoin extension engine, M^0 is pushing beyond traditional mint-and-burn models. It enables builders to customize attributes such as branding, compliance, and yield distribution while maintaining interoperability with $M, M^0’s canonical stablecoin. This architecture ensures that all $M-based extensions remain seamlessly interchangeable, fostering shared liquidity and cross-chain use cases.
Breaking the Silos in Stablecoin Design
Stablecoin development has historically faced trade-offs between innovation and interoperability. Platforms often restrict developers to vertically integrated ecosystems, limiting liquidity and cross-market accessibility. M^0’s approach addresses these bottlenecks by offering a modular and interoperable framework.
“Leveraging $M and M^0 infrastructure into $USDN’s design is a game-changer,” said Jelena Djuric, Co-Founder and CEO of Noble. “This collaboration not only advances Cosmos-native stablecoin adoption but sets a new precedent for stablecoin design by focusing on safety, programmability, and interoperability.”
$USDN, built using $M, underscores this approach. Noble, which facilitated over $5 billion in transaction volume within its first year, aims to broaden its reach beyond the Cosmos ecosystem. With the upcoming IBC Eureka upgrade, Noble will extend its interoperability to Ethereum Virtual Machine (EVM) platforms, offering stablecoin liquidity solutions to a broader array of appchains and DeFi applications.
Noble is backed by prominent venture capital firms in the crypto space, including Paradigm, Polychain, Foresight Ventures, and numerous angel investors from Celestia, Skip Protocol, Conduit, and others. Last month, Noble raised $15 million in a Series A funding round.
Unlocking New Pathways for Stablecoin Builders
M^0’s stablecoin extension engine allows developers to start with $M and customize key features tailored to specific use cases. Builders can introduce regulatory compliance measures like allow-lists and freezing functionalities, or implement innovative yield distribution mechanisms. These enhancements position $M as more than just a backing asset. It becomes a foundation for scalable, interoperable financial products.
The ability to customize and maintain compatibility within a shared liquidity pool is expected to attract a diverse range of stablecoin issuers. This includes entities prioritizing compliance, such as financial institutions, and those exploring DeFi-native innovations.
“We’re elated to collaborate with Noble and confirm $M’s position as the best building block for stablecoin applications,” said Gregory Di Prisco, Co-Founder and Chief Architect of M^0. “This partnership introduces deeper liquidity and programmable yield distribution while enabling interoperability across ecosystems and stablecoin products.”
A Vision for Multi-Issuer, Multi-Chain Stablecoin Infrastructure
M^0’s ambition to redefine stablecoin infrastructure as multi-issuer and multi-chain resonates strongly with the broader DeFi community. The partnership with Noble signals the maturation of decentralized stablecoin design, particularly in its alignment with evolving interoperability standards.
$USDN represents the next evolution of stablecoins, blending native Cosmos compatibility with the liquidity benefits of M^0’s infrastructure. This strategic alignment could serve as a model for future collaborations across blockchain ecosystems, demonstrating how modular infrastructure can bridge the gap between innovation and scalability.
In June, M^0 closed $35 million Series A funding round led by Bain Capital Crypto, and joined by Galaxy Ventures, Wintermute Ventures, GSR, Caladan and SCB 10X, alongside previous backers.
The stablecoin market is currently valued at over $160 billion and it is projected to reach over $9 trillion by 2028. As $M gains traction among stablecoin issuers, its role as a foundational asset within DeFi ecosystems is likely to expand.
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