Noble, a blockchain network known for its focus on stablecoin infrastructure, is preparing for a major shift. The project announced it will sunset its Cosmos SDK-based appchain and launch a new standalone Ethereum Virtual Machine based Layer 1, marking a clear change in strategy after years of close alignment with the Cosmos ecosystem.
The new network, called Noble EVM, is scheduled to go live on March 18. While the Cosmos-based chain will continue to be supported in the short term, the long-term vision centers on moving all core activity to the new EVM environment.
— Noble (@noble_xyz) January 20, 2026
Noble was originally built to support stablecoin transfers across blockchains using Cosmos’ Inter-Blockchain Communication protocol. Over time, it became a key gateway for real-world asset issuers such as Circle, Hashnote, and Ondo Finance, helping them distribute assets across dozens of Cosmos-based chains. Since 2023, the network has processed more than $22 billion in transaction volume across roughly 50 chains, positioning itself as a neutral liquidity and interoperability hub.
According to Noble founder Jelena Djuric, the move to EVM reflects a desire to go beyond interoperability and focus on building a broader product layer for developers. She noted that while Cosmos played an important role in Noble’s early growth, the EVM offers a more flexible and widely adopted foundation for creating stablecoin and foreign exchange infrastructure that others can build on.
The upcoming Noble EVM is being designed specifically for stablecoin use cases, with an emphasis on performance and speed. The team says the network will offer sub-second finality and rely on the Commonware technology stack, supported by an institutionally focused Proof of Authority validator set.
A central feature of the new chain will be USDN, Noble’s Treasury-backed stablecoin that pays yield. Launched in 2024 using M^0’s technology, USDN will be integrated into a managed vault on Noble EVM. The vault will use a Pendle-based strategy executed on HyperEVM to generate yield for depositors.
Beyond USDN, Noble plans to expand into real-world stablecoin applications. These include partnerships across decentralized finance, privacy-focused tools, corporate payments, and foreign exchange use cases. One of the flagship components of the new chain will be a DeFi protocol designed to support FX swaps between U.S. dollar and euro-denominated stablecoins.
The team also aims to turn Noble into a primary venue for token issuance and trading. This roadmap includes introducing capital-efficient FX perpetuals that allow users to hedge and trade currency risk using stablecoins. The planned decentralized exchange will also provide liquidity for the NOBLE governance token.
Noble’s pivot follows a broader trend among Cosmos-linked projects. Sei, for example, has announced plans to become an EVM-only chain and phase out its Cosmos-native components in a future upgrade.
Details around asset migration are still being finalized. During the transition, liquidity and assets will remain available on the Cosmos chain, though Noble’s stated goal is to eventually consolidate liquidity on Noble EVM. Importantly, the team has emphasized that existing IBC connections will remain intact, ensuring that Cosmos appchains relying on Noble’s liquidity can continue operating without disruption.
