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Noble Block Chain launches USDN stablecoin, using M^0 Decentralization infrastructure
Noble, based on Cosmos, recently launched the USDN Stable Coin, priced in USD, using the Decentralization Stable Coin infrastructure provided by M^0. M^0 is an Ethereum protocol that helps developers customize Stable Coins, providing branding, compliance tools, and profit distribution functions, and has received support from companies such as Bain Capital, Galaxy Ventures, and Wintermute Ventures. The Stable Coin of this protocol is only issued by approved ‘coin issuers’ and is supported by short-term US Treasury bonds. The goal is to connect Stable Coin issuance with the Decentralization network, support the alliance of Stable Coin issuers, and share profits with recognized distributors. Noble focuses on facilitating cross-blockchain Stable Coin transfers and provides support for multiple Stable Coin issuers. (TheBlock)