Noble Blockchain has launched its interest-bearing stablecoin USDN within the Cosmos ecosystem. This stablecoin offers an annual yield of approximately 4.15%, with returns adjusted based on its treasury collateral. USDN will initially be supported in the Keplr wallet and can be purchased using a credit card through Moonpay. USDN is built using the M^0's $M protocol, which is a new customizable stablecoin framework. Noble has also introduced a "points" activity, allowing users to earn income through two methods: staking USDN and using a flexible treasury. The staking treasury allows depositors to lock USDN for up to four months, forfeiting yields to accumulate points, while the flexible treasury provides "enhanced" yields paid by the forfeited returns.

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PANews reported on March 6 that according to The Block, the Noble blockchain of the Cosmos ecosystem announced that its interest-bearing stablecoin USDN was officially launched on Wednesday. The launch is also accompanied by a new "points" activity, providing users with another way to earn income. According to a press release, USDN holders can currently earn an annualized return of approximately 4.15%. However, these returns will be adjusted based on their treasury collateral. The token will initially be supported in the Keplr wallet and can be purchased with a credit card through Moonpay.
 USDN is built using M^0's $M protocol, a relatively new customizable stablecoin framework. The Ethereum-based platform provides a "stablecoin extension engine" that enables developers to use M^0's canonical stablecoin $M and use it as a kind of "turnkey middleware." Meanwhile, the Noble Points program will revolve around two intertwined USDN staking and flexible vaults. Depositors can lock their USDN in the staking vault for up to four months, giving up their yield payments in exchange for point accumulation, while the flexible vault provides "increased" yields paid by the yield given up.

Noble Blockchain Launches USDN Stablecoin, Offering Rewards Programs and Yield Options