Noble Stablecoin Blockchain migrates from Cosmos to Ethereum
Citing the importance of having a better technology stack and a wider developer community, Noble, a stablecoin blockchain, has announced its move from the Cosmos ecosystem to Ethereum.
Noble announced on Tuesday that it will migrate its Cosmos SDK-based blockchain to a stable EVM (Ethereum Virtual Machine) Layer 1 and plans to launch on March 18.
The Noble Capital-backed blockchain was originally designed as a stablecoin and real-world asset offering with an independent liquidity hub.
Due to the evolution to a network that supports real end-user stablecoin applications and DeFi, the team saw the need to move from the original Cosmos root to a high-performance Ethereum-compatible L1, he said.
As of 2023, Noble says it has done more than $22 billion in transaction volume, has 30,000 monthly active users, and is the primary liquidity layer for more than 50 blockchains.
Better technology stack, developer access and scalability
The reason for switching to EMM was to get a better technology stack and open source “commonware” using the Rust-based blockchain framework and Reth Ethereum client, the team said.
They also said they want the better user and developer access that EVM offers, since that's where most crypto developers work.
He said there are also scalability limitations in the Cosmos architecture that limit product development.
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Key features of the new chain include a 500 millisecond transaction latency, permissionless smart contract deployment, dedicated payment methods to prioritize real-world payment transactions, and a focus on their own native stablecoin.
Crypto projects come to Ethereum compatibility
The company has its own stablecoin, Noble Dollar (USDN), with a capitalization of $36 million. In the year It peaked at $128 million in July 2025, but has since fallen 72% to its current level, according to CoinGecko.
The move reflects the growing trend of crypto projects using Ethereum as an infrastructure layer.
In April last year, FIFA announced the transition of its NFT platform from Algorand to a new EVM-compatible blockchain. In June, the XRPL EVM sidechain officially launched on the mainnet, Injective launched its EVM chain in November, while blockchains like Sei have been seeing strong EVM integration.
Ethereum is the current industry standard and dominant network for stablecoins and tokenized RWA. According to RWA.xyz, it has a market share of 66% when layer-2 and EVM chains are included.
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