Noble Abandons Cosmos to Launch High-Speed EVM Chain for Stablecoin Growth
Noble has confirmed its departure from the Cosmos ecosystem, opting instead to launch a new EVM Layer 1 blockchain focused on stablecoin scalability. The project, targeting a March 18 launch, aims to address limitations in Cosmos by offering faster settlement times and permissionless smart contracts. The shift underscores Noble's strategic pivot toward EVM-based financial infrastructure, leveraging Reth and Commonware stacks to achieve sub-500ms finality.
The new chain is designed to support institutional FX and payment use cases, with the USDN stablecoin serving as its anchor. Noble reported processing over $22 billion in volume since 2023, highlighting its growing role in global stablecoin markets. The MOVE reflects broader industry trends favoring EVM compatibility for developer adoption and scalability.