Noble Protocol Shuts Down Cosmos Appchain, Launches EVM-Based Layer 1

Noble, a stablecoin-focused blockchain protocol, announced on January 20, 2026, that it will sunset its Cosmos SDK-based blockchain and launch a new EVM-based Layer 1 in March 2026. The decision marks a strategic shift from the Cosmos framework to an EVM-based solution, aimed at building a robust infrastructure for stablecoin and FX applications.

The transition was described as a necessary step for scaling the platform’s capabilities and aligning with broader market trends. According to Jelena Djuric, founder of Noble, the EVM-based chain will serve as a “performant stack” for developers to build stablecoin-related applications.

The Cosmos-based blockchain will be supported for the short term while the new EVM Layer 1 is launched. Noble has processed over $22 billion in stablecoin transactions since 2023, working with real-world asset issuers like Circle and Ondo Finance.

Why Did Noble Move to EVM-Based Chain?

The migration is part of Noble’s broader strategy to expand beyond the Cosmos ecosystem. The EVM-based chain aims to provide a more scalable and flexible environment for stablecoin and foreign exchange (FX) infrastructure.

Noble’s USDN stablecoin, launched in 2024, will be a central feature on the new chain. The stablecoin will be integrated into a managed vault using a Pendle strategy on HyperEVM to provide yield to depositors. The new chain is expected to offer sub-second finality and institutional-grade security.

What Do Analysts Expect Next?

Analysts believe the move aligns with the growing demand for stablecoin infrastructure and cross-chain interoperability. Noble’s new chain will also support agentic payment flows and DeFi use cases.

The EVM-based chain is expected to attract developers and enterprises seeking a reliable and secure environment for stablecoin applications. The team also plans to form partnerships with DeFi, privacy, and corporate payment providers.

The broader market has been showing increasing interest in stablecoin infrastructure. For example, Stripe recently acquired a stablecoin platform for $1.1 billion as part of its expansion into blockchain-based payments.

Regulatory developments, such as the U.S. federal framework for stablecoin issuance signed in July 2025, have also contributed to the growth of the stablecoin market. Stablecoin supply is projected to reach $420 billion by the end of 2026.

What Challenges Could Noble Face?

The migration from a Cosmos-based chain to an EVM-based one may pose technical and operational challenges. Noble will need to ensure smooth migration of existing users and maintain liquidity across its network.

In addition, the broader DeFi and stablecoin ecosystem faces regulatory scrutiny and compliance requirements. South Korea recently uncovered a $102 million crypto laundering scheme involving stablecoins.

Despite these challenges, Noble’s move is seen as a strategic response to market demand and technological evolution. The new EVM-based chain positions the protocol to compete with other stablecoin-focused platforms and infrastructure providers.