November 19, 2024
Noble, a stablecoin issuance platform designed for blockchain builders and application developers, has completed a $15 million Series A funding round. Paradigm led the round, joined by Polychain, Foresight Ventures, Wintermute Ventures, Informal Systems, and angel investors from Celestia, Skip Protocol, Succinct, and Conduit. With this funding, Noble’s total raise now stands at $18.3 million.
Since its launch in 2023, Noble has become a solution for stablecoin issuers, facilitating over $5 billion in transaction volume in its first year. The platform has onboarded over $450 million in assets issued by prominent names such as Circle, Ondo Finance, Hashnote Labs, and Monerium. Noble’s ecosystem currently supports more than 50 applications, offering developers a one-click integration for stablecoins. Its platform simplifies stablecoin operations in a fragmented multichain environment, enabling transactions with reduced block times of approximately one second.
The origins of Noble trace back to the 2022 collapse of Terra’s UST, which caused widespread liquidity challenges in the crypto ecosystem. This event inspired co-founders Stefan Coolican and John Letey to create a robust asset issuance platform capable of supporting stablecoin issuers and developers in the modular blockchain landscape. In September 2023, Noble launched Circle’s USDC on its mainnet, further cementing its reputation as a reliable provider of stablecoin liquidity.
About Noble
Noble is an asset issuance platform that enhances stablecoin liquidity and usability across multichain ecosystems, including Cosmos, Celestia, EVM, and Move. It enables developers to integrate stablecoins like USDC, offering features such as transaction fee payments in stablecoins and low-latency block times. Noble aims to support sovereign appchains and improve experiences for developers and users.
Website: https://www.noble.xyz/
X: @noble_xyz
About Investor
Paradigm
Paradigm is a venture capital firm specializing in cryptocurrency and blockchain startups. Established in 2018, the firm focuses on long-term innovation in the Web3 space, supporting companies across various stages of development. Paradigm’s portfolio includes projects that are shaping the future of decentralized technologies.
Location: San Francisco, California
Website: https://www.paradigm.xyz/
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