The Noble project has announced the release of the highly liquid and fully collateralized USD Coin (USDC) stablecoin from Circle in the Cosmos ecosystem.
According to Noble, this integration will provide a solution to the challenges users and applications face when transferring funds between networks.
Furthermore, it is believed that the integration of the stablecoin will inject hundreds of millions of dollars of liquidity into the Cosmos network.
Though the exact launch date of USDC has yet to be determined, Noble has stated that more details will be made available soon.
In addition, Noble views the integration of USDC as the first step in their global plan to become a gateway for other cryptocurrencies in the Cosmos ecosystem.