After months of testing, Sunrise and Noble have launched USDrise, a stablecoin fully backed by Noble’s USDN Treasury yields.
This native stablecoin generates approximately 4.15% APY from U.S. Treasury Bills and serves as the foundation for Sunrise’s interliquidity vision, where blockchain networks share liquidity seamlessly without bridges or wrapped tokens.
Key Takeaways
Treasury-Backed Yield: USDrise provides 4.15% APY through USDN’s U.S. Treasury Bill backing with 104% overcollateralization
Composable Yield Distribution: Developers can program how yields are distributed across users, validators, and applications
No Bridge Required: Native cross-chain swaps happen in single transactions without wrapped tokens or bridge risks
Instant Liquidity Access: New rollups launching on Sunrise get immediate access to shared liquidity pools
Fee Abstraction: Users can pay transaction fees with any token, the protocol handles conversion automatically
The $13 Billion Problem: Understanding Blockchain Liquidity Fragmentation
Current State of Fragmented Liquidity
Blockchain networks currently hold over $13 billion in scattered liquidity across isolated ecosystems.
Each chain maintains separate liquidity pools, forcing users to rely on bridges that have lost over $2 billion to hacks.
This fragmentation creates inefficiencies: the same assets trade at different prices across chains, capital sits idle in underutilized pools, and users face multiple transaction fees for simple cross-chain transfers.
Impact on DeFi Development
New projects face significant barriers when launching.
They must raise capital not just for development, but also to bootstrap liquidity pools from zero.
This requirement favors well-funded teams over innovative solutions with limited resources.
Small teams often spend more time solving liquidity challenges than building their core product.
For those tracking the latest stablecoin news, these liquidity constraints have become a defining challenge of 2025’s DeFi landscape.
Why Traditional Solutions Fall Short
Cross-chain bridges introduce security vulnerabilities and require users to trust third-party validators.
Wrapped tokens add complexity, users must understand the difference between native USDC and wrapped USDC across different chains.
Maintaining separate liquidity pools for identical assets wastes capital and creates arbitrage opportunities that extract value from users.
USDrise: Architecture of an Interliquid Stablecoin
Technical Foundation
USDrise builds on Noble’s USDN infrastructure, maintaining 104% collateralization through U.S. Treasury Bills.
The M^0 Protocol provides continuous auditing and verification of reserves.
Unlike algorithmic stablecoins, USDrise’s value directly correlates with Treasury Bills, assets with decades of stability and liquidity.
The Treasury backing generates sustainable yields without relying on DeFi strategies or token emissions.
This approach provides predictable returns while maintaining the stability users expect from a stablecoin.
Composable Yield Innovation
USDrise introduces programmable yield distribution.
While Tether and Circle’s USDC keep reserve profits, USDrise allows protocols to direct the 4.15% yield however they choose:
Direct distribution to holders as additional USDrise
Allocation to specific liquidity pools
Rewards for validators securing the network
Treasury funding for protocol development
Custom logic based on governance decisions
This flexibility transforms stablecoins from passive assets into active tools for ecosystem growth.
Integration with Sunrise’s Infrastructure
USDrise integrates directly with Sunrise’s Proof of Liquidity (PoL) consensus.
This integration enables:
Gas payment in any whitelisted token
Atomic cross-chain swaps without intermediate steps
Automatic liquidity provisioning for new rollups
Yield distribution based on PoL participation
The stablecoin becomes infrastructure rather than just another token.
Noble’s Evolution: From Asset Facilitator to Issuer
Noble’s Track Record
Noble processed $5 billion in transaction volume during its first year, establishing itself as the primary asset issuance platform for Cosmos.
The platform currently manages $450 million in assets from partners including Circle (USDC), Ondo Finance (USDY), Hashnote Labs (USYC), and Monerium (EURe).
Noble’s $15 million Series A round led by Paradigm provides resources to expand beyond facilitation into direct asset issuance.
Strategic Shift with USDN
USDN marks Noble’s entry as an asset issuer.
CEO Jelena Djuric explains: “This collaboration advances Cosmos-native stablecoin adoption and sets new precedents for stablecoin design focusing on safety, programmability, and interoperability.”
The shift reflects market demand for yield-bearing stablecoins and Noble’s confidence in its infrastructure’s ability to support native assets at scale.
Technical Advantages
Noble’s Cosmos SDK architecture provides:
Sub-second block finality
Native IBC connections to 50+ chains
Direct message passing without bridges
Established validator set and security model
These capabilities make Noble ideal for launching cross-chain native assets like USDrise.
The Interliquidity Revolution: How USDrise Enables Sunrise’s Vision
Defining Interliquidity
Interliquidity means blockchain networks share liquidity pools from day one rather than building isolated ecosystems.
Instead of competing for limited liquidity, chains collaborate through shared infrastructure.
USDrise provides the stable asset foundation for this shared liquidity model.
Key Interliquidity Features
Universal Fee Abstraction: Pay gas fees with any token.
The protocol converts a small portion to RISE tokens automatically, removing the need to hold multiple gas tokens.
Single-Transaction Cross-Chain Swaps: Trade assets across chains in one atomic transaction.
No wrapped tokens, no bridge delays, no additional security assumptions.
Instant Liquidity Access: New rollups connect to existing liquidity immediately.
Projects launch with users and capital available from day one.
vRISE Governance: Liquidity providers earn vRISE tokens to direct incentives.
The community decides which pools and projects receive yield allocations.
Technical Implementation
Sunrise combines several technologies to enable interliquidity:
Native DEX: Built-in exchange infrastructure shared across all connected chains
IBC + ZK Proofs: Trustless connections to Ethereum, Solana, and other ecosystems
Modular Support: Compatible with OP Stack, Arbitrum Orbit, and custom rollup frameworks
Off-Chain DA: Handles large data requirements without bloating on-chain storage
This architecture supports applications previously impossible on traditional L2s, including on-chain AI and complex gaming logic.
Market Impact and Adoption Potential
Immediate Use Cases
Cross-Chain DeFi: Lending protocols can access collateral across chains.
DEXs aggregate liquidity from multiple sources. Yield strategies execute across ecosystems without manual bridging.
Sovereign Rollup Launches: Teams focus on building applications instead of bootstrapping liquidity.
New chains start with established user bases and capital pools.
Enterprise Applications: Stable yields and professional infrastructure support supply chain finance, cross-border payments, and tokenized real-world assets.
Gaming and AI: High-throughput capabilities and unified liquidity enable complex on-chain applications requiring significant computational resources.
Competitive Landscape Analysis
The yield-bearing stablecoin market includes Usual’s USD0 ($1 billion market cap) and Agora’s AUSD ($78 million).
USDrise differentiates through:
Native cross-chain capabilities without bridges
Programmable yield distribution
Integration with established infrastructure (Noble + Sunrise)
Immediate liquidity access for new projects
The total stablecoin market reached $250 billion in 2025, with increasing demand for yield-bearing options.
Even Coinbase now offers 4.1% yields on USDC, validating the market direction.
Growth Projections
Market conditions favor USDrise adoption:
Regulatory Progress: The GENIUS Act and similar legislation provide clarity for stablecoin operations
Institutional Interest: Professional investors seek compliant yield-bearing stablecoins
Network Effects: Each new rollup increases USDrise utility and liquidity depth
Technical Maturity: Cross-chain infrastructure reaches production readiness
Conservative projections estimate 1-2% market share within year one, representing $2.5-5 billion in circulation.
Getting Started with USDrise
For Users
Setup: Download Keplr Wallet for Cosmos ecosystem access
Acquire USDrise:
Purchase with credit cards via Kado
Swap existing tokens on Sunrise’s DEX
Mint directly with USDC or supported assets
Earn Yield: Hold USDrise to receive automatic 4.15% APY
Noble Points:
Staking Vault: Lock tokens for 4 months to earn points
Flexible Vault: Receive boosted yields from forfeited staking rewards
For Developers
Documentation: docs.sunriselayer.io
Integration Tools: SDKs for major programming languages
Yield APIs: Simple interfaces for custom distribution logic
Testnet: Full testing environment before mainnet deployment
Support: Dedicated developer channels on Discord
For Validators and Protocols
Validation: Earn rewards for network security
Revenue Share: Receive portion of Treasury yields
Governance: Shape protocol direction through vRISE
Technical Requirements: Cosmos SDK experience recommended
Onboarding: Direct support from Noble and Sunrise teams
Future Roadmap and Implications
Near-Term Developments
Q3 2025:
EVM chain integration via Sunrise AppLayer
Additional liquidity pools and trading pairs
Expanded Noble Points program
Q4 2025:
Multiple collateral types for USDrise minting
DeFi protocol integrations
Institutional tools and APIs
2026:
Regional stablecoin variants
Traditional finance bridges
Specialized rollups for specific sectors
Long-Term Vision
“Interliquidity is inevitable” represents a fundamental shift in blockchain architecture.
Current isolated chains will give way to interconnected networks sharing resources efficiently.
USDrise provides the stable foundation for this transition.
The vision includes:
Unified liquidity across all major blockchains
Seamless user experience without technical barriers
Sustainable yield generation from real assets
Democratic governance of shared resources
Industry Transformation
Successful interliquidity implementation will change blockchain fundamentally:
Bridge Elimination: Direct connections replace vulnerable bridge infrastructure
True Cross-Chain Apps: Applications operate across chains without limitations
Lower Launch Costs: New projects start with existing liquidity
Mainstream UX: Blockchain interactions become invisible to users
Conclusion: The Dawn of Interliquid Finance
USDrise launches as the first practical implementation of interliquidity, Sunrise’s solution to blockchain’s fragmented liquidity problem.
By combining Noble’s infrastructure with Treasury-backed yields and programmable distribution, USDrise creates a new category of stablecoin designed for cross-chain native operation.
The 4.15% yield provides immediate value while the interliquidity features unlock new possibilities for developers and users.
As blockchain networks increasingly require shared resources rather than isolated pools, USDrise positions itself as essential infrastructure for this transition.
For participants in the blockchain ecosystem, whether builders, users, or investors, USDrise offers entry into the interliquid future where liquidity flows freely, yields distribute programmatically, and cross-chain interactions happen seamlessly.
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FAQs:
1. What makes USDrise different from other stablecoins?
USDrise combines Treasury-backed yields (4.15% APY) with native cross-chain capabilities. Unlike USDT or USDC, it allows programmable yield distribution and operates without bridges or wrapped tokens across connected blockchains.
2. How does the 4.15% yield work?
The yield comes from U.S. Treasury Bills backing Noble’s USDN. USDrise holders automatically receive yields without staking or locking tokens. Protocols can program custom distribution logic for their users.
3. What is interliquidity?
Interliquidity means blockchain networks share liquidity pools rather than maintaining isolated ecosystems. New chains launch with immediate access to existing liquidity, users swap assets across chains in single transactions, and liquidity providers earn yields from the entire network’s activity.
4. How do I start using USDrise?
Download Keplr Wallet, then acquire USDrise through Kado (credit card), Sunrise’s DEX (token swap), or direct minting with USDC. Holdings automatically earn 4.15% APY with no additional steps required.
5. What are the risks?
Primary risks include smart contract vulnerabilities, Treasury yield fluctuations affecting the APY, regulatory changes impacting stablecoin operations, and technical risks from the new interliquidity infrastructure. The 104% overcollateralization and M^0 Protocol auditing help mitigate stability risks.