Introduction
On March 28th, the Cosmos Ecotoken Protocol Noble partnered with Circle to introduce native USDCs into the Cosmos and Inter Blockchain Communication (IBC) ecosystem. In an intervie
On March 28th, the Cosmos Ecotoken Protocol Noble partnered with Circle to introduce native USDCs into the Cosmos and Inter Blockchain Communication (IBC) ecosystem. In an interview, Noble CEO Jelena Djuric stated that the Cosmos Inter Blockchain Communication Protocol (IBC) ecosystem has never had a native, legal currency supported stable currency with high liquidity and full pledge. This situation is about to change with the emergence of Noble’s first issuance partner, Circle. Last September, Circle first expressed its intention to release USDC on Cosmos.
Cosmos Ecotoken Agreement Noble and Circle Reach Cooperation
On March 28th, 2021, the Cosmos Ecotoken Protocol Noble announced its partnership with Circle to introduce native USDCs into the Cosmos and Inter Blockchain Communication (IBC) ecosystem. This move is set to revolutionize the ecosystem and provide a much-needed stable currency on the platform.
# What is the Cosmos Inter Blockchain Communication Protocol (IBC) Ecosystem?
The Cosmos IBC ecosystem is a decentralized network of interconnected blockchains built on the Cosmos SDK. It facilitates seamless communication and transfer of value between different blockchains, making it a critical component of the blockchain ecosystem.
# The Need for a Native, Legal Currency
The Cosmos IBC ecosystem has never had a native, legal currency supported stable currency with high liquidity and full pledge. This situation has led to delays in the adoption of the ecosystem due to the lack of a stable currency that can be used for transactions.
# Noble’s Solution: Partnership with Circle
To address this issue, the Cosmos Ecotoken Protocol Noble partnered with Circle to introduce native USDCs into the Cosmos IBC ecosystem. This partnership will provide a much-needed stable currency that can be used for transactions within the ecosystem.
# Benefits of the Partnership
By introducing native USDCs into the Cosmos IBC ecosystem, Noble and Circle are set to revolutionize the ecosystem. Some of the benefits of the partnership include:
Stable Currency
The introduction of USDCs will provide a stable currency that can be used for transactions within the ecosystem. This will boost adoption and increase the liquidity of the ecosystem.
Full Pledge
The USDCs introduced into the ecosystem will be fully backed by real-world assets, providing a sense of security to users.
High Liquidity
Circle’s USDC is one of the most popular stablecoins in the world, with high liquidity. This means that users of the Cosmos IBC ecosystem will be able to trade USDCs for other currencies seamlessly.
# Conclusion
The partnership between Noble and Circle is a game-changer for the Cosmos IBC ecosystem. The introduction of Native USDCs will provide a stable currency that can be used for transactions within the ecosystem. This will boost adoption, increase liquidity, and provide a sense of security to users.
# FAQs
1. What is the Cosmos IBC ecosystem?
The Cosmos IBC ecosystem is a decentralized network of interconnected blockchains built on the Cosmos SDK. It facilitates seamless communication and transfer of value between different blockchains.
2. Why is a stable currency important for the Cosmos IBC ecosystem?
A stable currency is important for the Cosmos IBC ecosystem because it provides a currency that can be used for transactions within the ecosystem.
3. What are the benefits of the partnership between Noble and Circle?
The partnership between Noble and Circle will provide a stable currency that can be used for transactions within the ecosystem. This will boost adoption, increase liquidity, and provide a sense of security to users.
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