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About Noble USDC
Analysis of 17 Feb 2026Noble USDC is Circle's canonical USDC for the Cosmos ecosystem, deployed on the Noble appchain built specifically for native asset issuance. As of February 2026, Noble has approximately 230 million USDC.N in circulating supply across 50+ IBC-connected chains and 80+ applications including dYdX, Osmosis, Celestia, and Injective.
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By mid-2025, Noble reached $18 billion in cumulative transfer volume, $700 million in stablecoin TVL, and 279,000 users. Zero IBC transfer fees and USDC-denominated gas payments (~$0.01 per transaction) provide far superior UX versus Ethereum bridges.
Noble has expanded into a full stablecoin platform with USDN (yield-bearing, ~4.15% APY launched March 2025) and an anticipated NOBLE governance token launch in 2026.
