7h ago
Why @noble_xyz ? as more people pivot to using stablecoins for payments, the need for an infra that’s scalable enough to process millions or even billions of transactions daily arises if every single human were to make a payment today using stablecoins, the infra used by majority of these companies would definitely break how else can we “meet” this demand except using an infra layer that’s purpose-built primarily for stablecoin finance? and this is where @noble_xyz comes in. @noble_xyz, by leveraging the cosmos sdk, was able to build an appchain designed specifically for stablecoin finance. In a recent research, stablecoin payments were able to hit a new all-time high of $10 billion yet users still face few common issues when dealing with stablecoins, like; • Slow transactions • High gas fees • Fewer integrations Noble was built specifically to address these issues, Noble chain is: • Extremely fast: By leveraging CometBFT and Tendermint consensus, noble is able to get fast block times, resulting in fast transactions. • Integrated in major market-leading wallets, exchanges and payment networks. • Designed to charge a very low gas fee on stablecoin transactions. Noble, by partnering with @m0, developed its own stablecoin, USDN. Noble Dollar, termed USDN, is a composable yield-bearing stablecoin powered by M0 with a fully-backed collateral. USDN has a TVL of 9 figures which signifies a lot of interest in the stablecoin.
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