Quick reminder: The MMT presale subscription deadline is tomorrow morning at 10 AM. If you haven’t done it yet, make sure to get it sorted—don’t miss out on the opportunity! Let’s continue talking about the stablecoin protocol Noble @noble_xyz. Noble’s core competitive edge lies in its yield-generating stablecoin USDN, which is issued based on M0. Its issuance volume has already surpassed 60M in a short period, taking stablecoins into the 2.0 era. In traditional DeFi models, stablecoins (like USDC, USDT) are merely “transaction mediums”—passively stored in pools without generating additional value. USDN, however, redefines the role of stablecoins, creating the USDN flywheel: First, various applications (DEX, RWA, lending) built on Noble adopt USDN as core liquidity. As USDN circulates across different protocols, it automatically captures underlying yields. Second, these application yields are distributed via smart contracts to project teams, who can flexibly decide: - Rewarding users - Reinvesting into the protocol - Retaining some as governance reserves Third, the stable inflow of yields improves DApp sustainability. Project teams can allocate part of the yields back to users, nodes, or LPs, thereby enhancing user engagement and protocol stability. Finally, as more liquidity flows into the ecosystem, USDN’s application depth increases, further reinforcing the previous three steps—forming a positive feedback flywheel system. ✅ By holding or using USDN, you can participate in ecosystem yield distribution and enjoy the dual benefits of stablecoin security + yield generation. This is the mainstream form of future stablecoins and marks the stablecoin 2.0 era.