Noble, a blockchain focused on stablecoins, is moving from the Cosmos ecosystem to Ethereum, recognizing the necessity to tap into a superior tech stack and connect with a broader developer community.

On Tuesday, Noble announced its plan to migrate its Cosmos SDK-based blockchain to an independent Ethereum Virtual Machine (EVM) layer 1, with a launch date set for March 18.

Originally designed as a neutral liquidity hub for stablecoins and tokenized real-world asset issuance, Noble has evolved to support real end-user stablecoin applications and decentralized finance (DeFi), prompting the need for the transition to a more performant Ethereum-compatible layer 1.

To date, Noble boasts over $22 billion in transaction volume since 2023 and serves 30,000 monthly active users, acting as a vital liquidity layer for more than 50 blockchains.

Better Tech Stack and Scalability

The decision to switch to EVM technology stems from the desire for a better tech stack and open-source ‘Commonware’ utilizing the Rust-based blockchain framework and Reth Ethereum client, which are believed to provide enhanced performance.

Noble’s team expressed the intention to improve user and developer accessibility, attributes that EVMs inherently feature, as they represent the majority of work done by crypto developers.

They acknowledged existing limitations with Cosmos architecture, which had started to hinder product development.

Key features of the upcoming chain include:

• Under 500 milliseconds of transaction finality.
• Permissionless smart contract deployment.
• Dedicated lanes for prioritizing real-world payment transactions.
• A feature-rich native stablecoin.

New Noble blockchain architecture. Source: Noble

Growing Trend Towards Ethereum Compatibility

Noble has its own stablecoin, Noble Dollar (USDN), which holds a market capitalization of $36 million. After peaking at $128 million in July 2025, its issuance has subsequently fallen by 72%.

This shift underscores an increasing trend within the cryptocurrency sector of employing Ethereum as the foundational infrastructure layer.

In April of last year, FIFA announced its platform migration from Algorand to an EVM-compatible chain. Through the past few months, projects including the XRPL EVM sidechain and Injective have moved towards enhancing EVM integrations.

Ethereum maintains its position as the industry standard and leading network for both stablecoins and tokenized real-world assets (RWAs), commanding approximately 66% of market share when assessing layer-2 and EVM chains.