Noble’s USDN Yield-Paying Stablecoin Launch

Noble’s USDN yield-paying stablecoin has officially launched, as announced on Wednesday. This launch features a new “points” campaign that provides users an alternative income source. USDN is positioned within a new trend of stablecoins that offer returns to holders. The token directs its income, generated from holding short-term U.S. Treasury bills, to developers, app creators, validators, wallets, and exchanges supporting it, establishing a novel incentive model.

According to the press release, USDN holders can currently earn approximately 4.15% per annum. However, these earnings will fluctuate based on the collateral backing the Treasury bills. Initially, the token will be supported in the Keplr wallet, and users can purchase it using credit cards via Moonpay. USDN was developed using M^0’s $M protocol, a recent framework for launching customizable stablecoins.

Noble’s points program involves two connected USDN vaults: Staking and Flexible. In the Staking Vault, depositors can lock their USDN for up to four months, sacrificing yield payouts for points accumulation, while the Flexible Vault provides “boosted” yield derived from the forfeited yield.

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