Quick Breakdown
- Noble will migrate from Cosmos to an Ethereum-compatible layer-1, launching March 18.
- The move is driven by scalability limits, developer access, and a stronger EVM tech stack.
- The shift reflects Ethereum’s growing dominance in stablecoins and tokenized RWAs.
Venture-backed stablecoin blockchain Noble has announced plans to leave the Cosmos ecosystem and relaunch as a standalone Ethereum Virtual Machine (EVM) layer-1 network, citing the need for stronger infrastructure, scalability, and access to a broader developer base.
— Noble (@noble_xyz) January 20, 2026
The migration will see Noble move away from its Cosmos SDK roots to an Ethereum-compatible architecture, with the new chain scheduled to go live on March 18.
Originally built as a neutral liquidity hub for stablecoins and tokenized real-world assets, Noble says its growing focus on end-user applications and DeFi products made the transition unavoidable.
Why Noble is moving to an EVM Chain
According to the team, the decision was driven by technical and ecosystem constraints within Cosmos that began to limit product development as the network matured.
By shifting to an EVM-based layer-1, Noble aims to tap into a more advanced tech stack powered by a Rust-based framework and the Reth Ethereum client, which it says delivers better performance and flexibility. The move also places Noble where most crypto developers already build, reducing friction for both users and contributors.
Noble claims it has processed over $22 billion in transaction volume since 2023, supports 30,000 monthly active users, and serves as a primary liquidity layer for more than 50 blockchains.
The new network will feature sub-500 millisecond transaction finality, permissionless smart contract deployment, dedicated payment lanes for real-world transactions, and a sharper focus on its native stablecoin.
Stablecoins and RWAs continue to gravitate toward Ethereum
Noble’s native stablecoin, Noble Dollar (USDN), currently has a market capitalization of $36 million. Supply peaked at $128 million in July 2025 before declining by roughly 72%, according to CoinGecko.
The shift underscores a broader industry trend as more blockchain projects converge on Ethereum compatibility. In 2025 alone, FIFA migrated its NFT platform from Algorand to an EVM chain, while the XRPL launched its EVM sidechain. Meanwhile, Injective rolled out its EVM chain, and networks like Sei continue to deepen EVM integration.
Ethereum remains the dominant settlement layer for stablecoins and tokenized real-world assets, commanding roughly 66% of the market when EVM and layer-2 networks are included, according to RWA.xyz.
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