Stablecoin protocol Noble abandons Cosmos ecosystem to switch to EVM L1

Cosmos ecosystem stablecoin protocol Noble announced the launch of an EVM-based Layer 1, Noble EVM, which is expected to go live on March 18. The new Noble EVM will be specifically designed for stablecoin applications.

Noble is not the only Cosmos ecosystem project undergoing transformation in recent months; for example, Sei plans to fully transition to an EVM-only chain in the upcoming upgrade, abandoning its CosmWasm and Cosmos native assets.