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Home Altcoins

Noble to issue native USDC on Cosmos IBC ecosystem

by Dan K
Mar 28, 2023 - 12:00 am
in Altcoins
Noble logo with background

Table of Contents

    • Noble, a new issuance platform for digital assets, has announced its partnership with Circle to bring native USDC to the Cosmos and boundless Inter-Blockchain Communication (IBC) ecosystem. This integration will provide access to USDC that has been natively issued on Noble for the first time in Cosmos history, which will catalyze liquidity in the ecosystem and resolve the challenges of interacting with bridged assets from other ecosystems.
  • USDC in the Cosmos and Inter-Blockchain Communication (IBC) ecosystem
  • Noble’s Vision
  • Simplified Asset Ownership and Transfer
  • Turnkey Institutional-Grade Asset Issuance
  • Conclusion

Noble, a new issuance platform for digital assets, has announced its partnership with Circle to bring native USDC to the Cosmos and boundless Inter-Blockchain Communication (IBC) ecosystem. This integration will provide access to USDC that has been natively issued on Noble for the first time in Cosmos history, which will catalyze liquidity in the ecosystem and resolve the challenges of interacting with bridged assets from other ecosystems.

USDC in the Cosmos and Inter-Blockchain Communication (IBC) ecosystem

Noble, a new issuance platform, has partnered with Circle to issue a native, fiat-backed stablecoin, USDC, to the Cosmos and Inter-Blockchain Communication (IBC) ecosystem. This integration will provide hundreds of millions of dollars in liquidity, which is expected to grow in the coming months in Cosmos. This partnership will help to solve the challenges that users and appchains face when interacting with bridged assets sourced from other ecosystems. For the first time in Cosmos history, 50+ IBC-enabled blockchains (and counting!) will soon be able to access USDC that has been natively issued on Noble.

Noble’s Vision

Noble’s mission is to simplify asset ownership and transfer within the IBC ecosystem. The platform aims to bring the smooth UX of monolithic chains within the structure of a sovereign chain ecosystem. USDC is the first asset, and the platform envisions many more in the future. Noble aims to be the gateway for all digital assets coming into the IBC ecosystem.

Simplified Asset Ownership and Transfer

Noble aims to create a simple, effective, and best-in-class UX for its users. The platform’s packet-forwarding middleware application will streamline the transfer of USDC on IBC-connected appchains. The end user only needs to initiate a transfer from the source chain, and the asset will take the proper route to the destination chain automatically. In this regard, Noble behaves like the financial plumbing in the background.

Turnkey Institutional-Grade Asset Issuance

Noble aims to be the premier onboarding and integration solution for asset issuers. The platform leverages SDK modules such as TokenFactory, built by the Osmosis team, to support asset issuers with their native integrations and builds reliable issuance and distribution channels for IBC-connected appchains and users alike. Noble can customize a wide array of functionality that an issuer requires, whether it’s for reasons of regulatory compliance or specific to a protocol.

Conclusion

Noble’s integration with Circle is a significant development in the IBC ecosystem, as it provides a highly liquid, fully collateralized native fiat-backed stablecoin. The platform aims to solve the challenges of asset ownership and transfer within the IBC ecosystem, and provide the gateway for all digital assets coming into the IBC ecosystem in the future. Noble’s focus on creating a simple, effective, and best-in-class UX for its users and onboarding and integration solutions for asset issuers, will contribute to the growth of the IBC ecosystem.

Tags: CircleCosmosTerraUSDC
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

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