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Stable Coin infrastructure platform Noble raised $15 million in Series A financing, led by Paradigm
On November 19, according to Fortune, Noble, a stablecoin infrastructure platform, completed a $15 million Series A financing led by Paradigm. Noble has partnered with stablecoin issuance parties such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages assets worth more than $458 million.
Noble co-founder and CEO Jelena Djuric said the platform can cross 45 independent AppChains' issuance of stablecoins in one second. As Ripple, Revolut, Robinhood, and other institutions plan to launch their own stablecoins, Noble is committed to solving the distribution problem of stablecoins in an increasingly fragmented blockchain ecosystem. This round of financing will be used to develop new user-oriented products and expand the team. So far, Noble has raised a total of $18.3 million.