PANews reported on March 6 that according to The Block, the Noble blockchain of the Cosmos ecosystem announced that its interest-bearing stablecoin USDN was officially launched on Wednesday. The launch is also accompanied by a new "points" activity, providing users with another way to earn income. According to a press release, USDN holders can currently earn an annualized return of approximately 4.15%. However, these returns will be adjusted based on their treasury collateral. The token will initially be supported in the Keplr wallet and can be purchased with a credit card through Moonpay.
USDN is built using M^0's $M protocol, a relatively new customizable stablecoin framework. The Ethereum-based platform provides a "stablecoin extension engine" that enables developers to use M^0's canonical stablecoin $M and use it as a kind of "turnkey middleware." Meanwhile, the Noble Points program will revolve around two intertwined USDN staking and flexible vaults. Depositors can lock their USDN in the staking vault for up to four months, giving up their yield payments in exchange for point accumulation, while the flexible vault provides "increased" yields paid by the yield given up.
