Stablecoin-focused blockchain Noble has announced plans to move away from the Cosmos ecosystem and transition to Ethereum, saying the shift will give it access to a stronger technology stack and a larger developer community.
On Tuesday, Noble said it will migrate its Cosmos SDK–based network to a standalone Ethereum Virtual Machine (EVM) layer-1 blockchain, with a planned launch date of March 18.
Originally backed by venture capital, Noble was built as a neutral liquidity hub for stablecoins and tokenized real-world assets. However, as the network has grown to support consumer-facing stablecoin applications and decentralized finance (DeFi), the team said its original Cosmos-based design no longer met its needs.
Noble said it has processed more than $22 billion in transaction volume since 2023, has around 30,000 monthly active users, and now serves as a primary liquidity layer for more than 50 blockchains.
Focus on performance, developers, and scalability
The team said the move to an EVM-based architecture will allow Noble to use a more advanced technology stack, including open-source “Commonware,” a Rust-based blockchain framework, and the Reth Ethereum client, which it says offers better performance.
Noble also cited improved accessibility for users and developers, noting that most crypto developers already build within the EVM ecosystem.
In addition, the company said limitations in the Cosmos architecture were restricting product development and scalability.
Key features of the new chain will include transaction finality in under 500 milliseconds, permissionless smart contract deployment, dedicated payment lanes to prioritize real-world transactions, and a strong focus on its native stablecoin.
Noble also issues its own stablecoin, Noble Dollar (USDN), which currently has a market capitalization of about $36 million. Issuance peaked at $128 million in July 2025 but has since fallen by roughly 72%, according to data from CoinGecko.
The shift underscores a broader trend of crypto projects turning to Ethereum-compatible infrastructure.
In April last year, FIFA announced it was moving its NFT platform from Algorand to a new EVM-compatible blockchain. In June, the XRPL EVM sidechain went live on mainnet, followed by Injective’s EVM chain launch in November. Other blockchains, including Sei, have also been exploring deeper integration with the EVM ecosystem.
Ethereum remains the industry standard for stablecoins and tokenized real-world assets, with a dominant market share of about 66% when layer-2 networks and other EVM-compatible chains are included, according to RWA.xyz.
