You can choose between airdrop points or stablecoin interest!
Noble comes from the Cosmos and IBC ecosystem, launching the interest-bearing stablecoin $USDN based on short-term U.S. Treasury bonds in March 2025, offering a limited-time 13.6% APY stablecoin yield or giving up interest to only earn airdrop points.
What is the potential of Noble?
As a stablecoin issuer focused on the RWA sector, business development and marketing are undoubtedly key capabilities, and Noble's impressive financing lineup shows the level of optimism from industry institutions.
The total amount of seed round + Series A financing has reached 18.3 million USD, led by industry giants Polychain and Paradigm. The investors cover various fields in blockchain, including Circle (USDC issuer), Windermute (market maker), Foresight (media), and Borderless (investment) among others.
It is worth mentioning that Noble has revealed the identities of three co-founders, all of whom have extensive industry experience.
What is USDN?
USDN is an interest-bearing stablecoin, invested in short-term U.S. Treasury bonds, with an interest rate slightly above 4%.
(Infrastructure technology provided by M^0 Protocol)
Interest is calculated daily, and the current total issuance is approximately 92M USD
Redeemable at any time, no lock-up period
It has excess reserves and achieves bankruptcy protection through asset isolation for safety.
*USDN is expected to expand to Injective, Osmosis, Celestia, Sei, Conduit, and other chains
How to participate in the airdrop?
Users holding USDN through the Cosmos wallet can choose to stake in the interest pool with a 13.6% yield (4.1% U.S. Treasury yield + 9.5% airdrop pool yield) or stake in the airdrop points pool (must give up interest earnings).
*Officially supports Keplr and Leaf wallets, users can bridge USDC from EVM chains directly to the Noble chain through Noble Express, and then mint USDN in Noble Dollar.
The points event lasts for four months, starting from 2025/3/5 (there are currently 40 days left)
Points will be awarded based on the deposit duration (up to 1.75x) *at least 30 days of deposit is required to earn points
Achieving the TVL milestone will provide additional points to deposit users (approaching the 100M milestone threshold)
Summary
As Bitcoin just broke a new high, many people gradually liquidated their positions, and as the proportion of stablecoin holdings increased, it became even more noteworthy where one can earn more stablecoin yields. (Of course, I also believe that during this bull market, stable income will gradually be valued)
In fact, Noble has been running for a long time, previously focusing more on B2B business, while USDN is its attempt to enter the B2C market. I believe Noble's verifiable past experience effectively reduces users' concerns about the new protocol.
The airdrop event is also very intuitive; a limited-time event means that the front line does not need to be drawn too long, and perhaps the token airdrop can be welcomed as soon as the event ends. Additionally, the choice between earnings and points is entirely up to the user, providing more freedom. Everyone can make choices based on their own risk and preferences. (At least I think the current APY is very tempting)
Of course, Noble and USDN still carry certain risks. Additionally, it selects M^0 Protocol as its infrastructure provider, which adds an extra layer of protocol risk; these are factors that need to be considered.
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※ The above content does not constitute investment advice; users should operate according to their own risk tolerance. DYOR and participate in the investment market with caution.
※ The attached images are from Noble and Rootdata
