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Noble Announces Bringing USDC to Cosmos

Noble and Circle have partnered to bring native USDC to the Cosmos and Inter-Blockchain Communication (IBC) ecosystem, a major milestone as Cosmos has never had a stablecoin fully collateralized and backed by fiat. The launch of native USDC gives over 50 IBC-enabled blockchains access through IBC, solving challenges such as liquidity fragmentation and disparate trust assumptions across different bridging protocols. Noble plans to become a gateway for digital assets that enter the IBC ecosystem and aims to offer the best user experience by providing a single canonical token with deep liquidity. Noble has also developed a packet-forwarding middleware application to streamline the transfer process. The integration will first benefit the ecosystem, and Noble aims to become a premier platform for integrating solutions for issuers of digital assets.

(By David Cox)

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