Noon Launches Real-Time Transparent Reserve Verification System Powered By Accountable
In Brief
Noon has announced that it now offers real-time Proof of Solvency, with reserves publicly reported in real time and verifiable by anyone at any time.
Organization behind the yield-generating stablecoin, Noon, announced that it now provides real-time Proof of Solvency.
In a space that values transparency, many protocols still operate without clear verification. Users often place trust in systems that appear credible but lack actual proof of their claims. Noon addresses this gap by eliminating the reliance on self-reported, unverifiable data, periodic audits, and blind trust. Instead, it offers reserves that are publicly reported in real-time and can be verified by anyone at any time.
In order to enable this, Noon has partnered with Accountable, a data verification platform that leverages advanced cryptography, including zero-knowledge proofs and secure enclaves. This partnership ensures direct data ingestion from custodians and exchanges, providing tamper-proof and secure reserve reporting.
The reports cover both decentralized finance (DeFi) and centralized finance (CeFi), with proofs of trust sourced directly from venues and smart contracts rather than relying on self-reported data. The data retrieval process is reinforced with integrity and source identity proofs, allowing for a trusted aggregation of assets and liabilities, which is displayed on the dashboard.
Noon cannot alter or view the data before it is made public. This initiative goes beyond simply proving solvency; it also aims to prove the integrity of the entire verification process, moving away from self-reported data to trusted, verifiable aggregation.
Noon Launches Public Beta
Noon aims to become the stablecoin with the highest through-cycle returns by strategically allocating capital across a range of delta-neutral strategies. Additionally, it seeks to establish the most reliable and sustainable tokenomics model to maximize the practical utility of its governance token.
Recently, Noon launched its Public Beta, offering real-time transparency, daily transaction limits, and the ability to deposit USDC/USDT, mint USN and sUSN. The platform also provides opportunities to increase rewards through partnerships and airdrops. Users can trade USN and sUSN on decentralized exchanges (DEXs) like Uniswap V3 and SyncSwap on Ethereum and zkSync, with Sophon access coming soon.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
