- 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 allows developers to create custom dollar digital assets using $M, offering flexibility in branding, compliance and yield distribution, while maintaining interoperability across the ecosystem .
m^0The Decentralized Stablecoin Infrastructure Layer, today unveiled 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 leverage the building blocks of M^0 to optimize liquidity and interoperability across blockchain ecosystems.
The collaboration highlights the growing importance of modular multi-chain infrastructure to address the challenges facing stablecoin issuers today.
By introducing its stablecoin extension engine, M^0 goes beyond traditional mint and burn models. It allows builders to customize attributes such as branding, compliance, and yield distribution while maintaining interoperability with the canonical $M stablecoin, M^0. This architecture ensures that all million-dollar-based extensions remain perfectly interchangeable, encouraging shared liquidity and cross-chain use cases.
Breaking silos in stablecoin design
Historically, the development of stablecoins has faced trade-offs between innovation and interoperability. Platforms often restrict developers to vertically integrated ecosystems, limiting liquidity and accessibility between markets. The M^0 approach addresses these bottlenecks by offering a modular and interoperable framework.
“Leveraging $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 advances the adoption of native Cosmos stablecoins, but sets a new precedent for stablecoin design by focusing on security, programmability, and interoperability.”
$USDN, constructed using $M, underlines this approach. Noble, which facilitated more than $5 billion in transaction volume in its first year, aims to expand its reach beyond the Cosmos ecosystem. With the upcoming IBC Eureka update, Noble will expand its interoperability to Ethereum virtual machine (EVM) platforms, offering stablecoin liquidity solutions to a broader range of application chains 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. increase $15 million in a Series A financing round.
Unlocking new paths for stablecoin creators
The M^0 stablecoin extension engine allows developers to start with $M and customize key features tailored to specific use cases. Builders can introduce regulatory compliance measures, such as allowlists and freeze functionalities, or implement innovative performance distribution mechanisms. These improvements position $M as more than just a backup asset. It becomes the basis for scalable and interoperable financial products.
The ability to customize and maintain compatibility within a shared liquidity pool is expected to appeal to a wide range of stablecoin issuers. This includes entities that prioritize compliance, such as financial institutions, and those exploring native DeFi innovations.
“We are delighted 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 stablecoin ecosystems and 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 DeFi community at large. 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, combining the native compatibility of Cosmos with the liquidity benefits of the M^0 infrastructure. This strategic alignment could serve as a model for future collaborations between blockchain ecosystems, demonstrating 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 Cryptocurrencyand united by Galaxy Companies, Wintermute Companies, GSR, caladan and SCB 10Xalong with previous sponsors.
The stablecoin market is currently valued at more than 160 billion dollars and is projected to reach over $9 trillion by 2028. As $M gains traction among stablecoin issuers, its role as a fundamental asset within DeFi ecosystems is likely to expand.
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