- Stablecoin platform Noble has partnered 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 interoperability across the ecosystem.
M^0, the decentralized stablecoin infrastructure layer, today released advanced tools designed to empower stablecoin developers. Among the notable developments is the upcoming launch of $USDN, a dollar stablecoin on the Noble blockchain, which will use M^0’s foundational building blocks to streamline liquidity and interoperability in blockchain ecosystems.
The collaboration highlights the growing importance of modular, multi-chain infrastructure in addressing the challenges stablecoin issuers are facing today.
By introducing its stablecoin extension engine, M^0 pushes past traditional mint-and-burn models. This allows builders to customize features 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 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.
“The use of $M and M^0 infrastructure in the design of $USDN is a game-changer,” said Jelena Djuric, Co-Founder and CEO of Noble. “This collaboration not only promotes Cosmos-native stablecoin adoption but sets a new precedent for stablecoin design by focusing on safety, programmability, and interoperability.”
$USDN, built with $M, emphasizes this approach. Noble, which facilitated over $5 billion in transaction volume within its first year, aims to expand its reach beyond the Cosmos ecosystem. With the upcoming upgrade of IBC Eureka, Noble will extend its interoperability with Ethereum Virtual Machine (EVM) platforms, offering stablecoin liquidity solutions to a wider range 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 Developers
M^0’s stablecoin extension engine allows developers to start with $M and customize core features tailored to specific use cases. Builders can introduce regulatory compliance measures such as allow-lists and freezing functionality, or implement innovative yield distribution mechanisms. These enhancements position $M as more than just a backing asset. It becomes the 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 that prioritize compliance, such as financial institutions, and those exploring DeFi-native innovations.
“We are excited to partner 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 a Multi-Issuer, Multi-Chain Stablecoin Infrastructure
M^0’s ambition to redefine the stablecoin infrastructure as multi-issuer and multi-chain resonates strongly with the wider DeFi community. The partnership with Noble signals the maturation of the decentralized stablecoin design, especially as it aligns with evolving interoperability standards.
$USDN represents the next evolution of stablecoins, combining native Cosmos compatibility with the liquidity benefits of the M^0 infrastructure. This strategic alignment can serve as a model for future collaborations in blockchain ecosystems, showing how modular infrastructure can bridge the gap between innovation and scalability.
In June, M^0 closed a $35 million Series A funding round led by Bain Capital Crypto, and joined by Galaxy Ventures, Wintermute Ventures, GSR, Caladan and SCB 10X, among previous backers.
The stablecoin market is currently worth more than $160 billion and it is expected to reach more than $9 trillion by 2028. As $M gains traction among stablecoin issuers, its role as a foundational asset within the DeFi ecosystem is likely to expand.
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