Noble launched the USDN stablecoin pegged to the US dollar using M^0

ChainCatcher news, based on the Cosmos blockchain, has launched a new USD-pegged stablecoin USDN using the decentralized stablecoin infrastructure provided by M^0 for the first time.

M^0 is a protocol on Ethereum that offers a "stablecoin extension engine," allowing developers to adopt the M^0 standard stablecoin $M and customize various features, including branding, built-in compliance tools, and yield distribution.

USDN will utilize $M as its "core building block," providing a "trustworthy neutral digital dollar" for the broader Interchain ecosystem.