Noble provides native USDC in Cosmos
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Noble
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Noble provides native asset issuance in Cosmos and the IBC ecosystem.
Before Noble, users and appchains in Cosmos needed to rely on bridges to access USDC. Native USDC liquidity will expand to dozens of sovereign Cosmos appchains, including dYdX, Osmosis and others.
Noble serves as an issuance platform for native USDC in the Cosmos and IBC ecosystem. It enables the creation of USDC that is highly liquid and fully collateralized, facilitating seamless access for multiple IBC-enabled blockchains to use USDC natively.
Native USDC issuance in Cosmos helps solve the challenges that users and appchains face when dealing with bridged assets from other ecosystems. It enhances liquidity and fungibility within Cosmos and offers a simple, safe, and seamless means of utilizing USDC.
Noble leverages packet-forwarding middleware, making double-hop IBC transactions as easy as a single click for users. This ensures that the asset takes the correct route from the source chain to the destination chain automatically, providing a smooth user experience. Native USDC on Noble is fully reserved and always redeemable 1:1 for US dollars.
Noble's vision extends beyond USDC issuance. It aims to be the premier onboarding and integration solution for asset issuers in the IBC ecosystem, offering safe, simple, and seamless issuance and distribution channels.