![]() In January, the Injective Protocol launched a $150 million fund towards promoting user adoption of the Cosmos ecosystem. Cosmos on an expansion missionĬosmos started the year with its arm stretched to welcome collaborations. The networks are interlinked via the IBC, allowing users to use assets between networks within the Cosmos ecosystem. The official Cosmos website also attempts to explain the development, noting that Cosmos is an interconnected web of blockchain networks using the Tendermint Byzantine fault-tolerant consensus protocol, Application Blockchain Interface, and Cosmos Software Development Kit. Every blockchain needs a canonical and fungible version of USDC, and Noble exists to fulfill this critical need. This integration will catalyze hundreds of millions of dollars in liquidity over the coming months in Cosmos and will seek to rectify the challenges that users and app chains face when interacting with bridged assets sourced from other ecosystems. ![]() ![]() The solution focuses on challenges related to asset bridging from one network to another.Īn excerpt from Noble’s announcement reads: The team believes that integrating USDC, a fiat-backed stablecoin, into the Cosmos ecosystem will add value and solve many concerns of current Cosmos dealers. This narrative will change with Noble’s first issuance partner, Circle, a US-regulated fintech bringing USDC natively to Cosmos. In the announcement, the Noble team highlights USDC being the first “native, fiat-backed stablecoin that is highly liquid and fully collateralized” on a Cosmos Inter-Blockchain Communication Protocol-connected network. It should be noted that every blockchain requires a canonical and fungible version of USDC, which explains Noble’s ultimate existence. In the future, Noble network expects hundreds of highly liquid, alongside the existence of well-adopted Cosmos blockchains. Additionally, it will seek to solve the challenges that users and app chains encounter when interacting with bridged assets sourced from other ecosystems. The integration will fuel hundreds of millions of dollars in liquidity over the coming months in Cosmos. ![]() Noble is among more than 50 networks within the Cosmos IBC ecosystem. We're excited to bring USDC to USDC is expected to launch on soon, stay tuned for details.
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