Noble is migrating its stablecoin-oriented blockchain out of the Cosmos ecosystem to a standalone EVM Layer 1. On Tuesday, the transition was announced by the team. The move signifies a significant change for the network, which has operated for years as an IBC-linked chain of applications designed for transferring stablecoins.
The network was originally built using the Cosmos SDK. It enabled issuers to move stablecoins across multiple chains through the Inter-Blockchain Communication protocol. The migration moves Noble away from that model.
Founder Jelena Djuric said the team believes the EVM environment offers better efficiency. She explained that Cosmos supported the project during early development. She also said the new direction aims to create a stronger base layer for builders.
Noble sets EVM launch and begins transition from Cosmos
Noble EVM is scheduled to launch on March 18. The team confirmed that the existing Cosmos chain will continue to operate for a short period. Support will remain during the transition phase.
Over the years, Noble served as a broker to issuers including Circle, Hashnote, and Ondo Finance. These companies trusted network to distribute their resources in Cosmos-based chains. Since 2023, the volume of transactions processed on the network surpassed $22 billion.
The group has now decided to enter into the stablecoin applications, which are aimed at direct end-users. Their objectives include making new collaborations in DeFi, payments, privacy instruments, and business applications. The network will also concentrate on the foreign exchange.
According to the announcement, the new chain will be purpose-built for stablecoin activity. It will use the Commonware technology stack. It will also rely on a Proof of Authority validator set designed for institutional needs.
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The protocol said the chain will offer sub-second finality. The team stated that the design supports stablecoin settlement at scale. They said the system will maintain the performance level previously offered on Cosmos.
USDN Takes Central Role in Noble’s New EVM Ecosystem
USDN, Noble’s Treasury-backed stablecoin, will remain central to the ecosystem. It launched in 2024 using M^0’s technology stack. USDN will be integrated into a managed vault on Noble EVM.
On HyperEVM, the vault will employ a Pendle strategy. It is designed to supply yield to depositors. The team said this feature will operate at launch.
The network new chain will also include a DeFi protocol for FX swaps between dollar and euro stablecoins. A flagship DEX will support trading activity. It will also provide liquidity for the NOBLE governance token.
Other Cosmos-linked projects are also moving toward EVM. Sei announced plans to migrate to an EVM-only chain and remove CosmWasm assets. The network said migration details remain in progress.
During transition, liquidity will be on the Cosmos chain. The long-term objective is that any activity should be transferred to Noble EVM. Additional updates will be released by the team moving forward as the migration goes on.
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