Noble Launches Yield-Bearing Stablecoin USDN

BlockBeats News, March 6th, according to The Block, stablecoin company Noble has launched a yield-bearing stablecoin USDN and introduced a new "Staking" activity to provide users with another way to earn rewards.

USDN programmatically distributes the yield generated by its holdings of short-term U.S. Treasury bonds to developers, application builders, validators, wallets, and exchanges, thus "creating a new incentive alignment model".