# Noon

> Track Noon with daily standardized on-chain data across 3 chains. Compare Noon with other stablecoin issuers. See charts and datasets in one place.

Source: [Noon on Token Terminal](https://tokenterminal.com/explorer/projects/noon). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: NOON
- Sectors: Stablecoin issuers
- Chains: ethereum, starknet, zksyncera

## About

### What it is

Noon is a stablecoin issuer and yield protocol built on Ethereum, ZKsync Era, and Sophon. It issues USN, a USD-pegged stablecoin, and sUSN, a yield-bearing staked variant that generates returns by rotating collateral across multiple delta-neutral strategies. Noon was founded by Arpan Gautam and launched in 2025.

### Who uses it

Noon Capital is a self-funded digital asset firm with no VC or external investor funding, reserving 65-80% of its NOON governance token for community distribution. The protocol was founded by Arpan Gautam, a former McKinsey consultant and Wharton MBA who previously served as CFO of Dexterity Capital.

### How it works

Users deposit USDT or USDC to mint USN, a USD-pegged stablecoin. USN can be staked into sUSN, which accrues yield as the protocol algorithmically rotates collateral across delta-neutral strategies including funding rate arbitrage, tokenized US Treasury bills, CLOs, private credit, DeFi lending, and Pendle principal tokens. 80% of returns flow to sUSN holders, with 10% each to insurance and operations funds. Reserves are independently verified in real time via ZK-verified proof of solvency through Accountable.

## Metrics

Token Terminal tracks these metrics for Noon daily. Each page has a chart with the full history.

- [Token holders](https://tokenterminal.com/explorer/projects/noon/metrics/tokenholders)
- [Outstanding supply](https://tokenterminal.com/explorer/projects/noon/metrics/outstanding-supply)
- [Bridged supply](https://tokenterminal.com/explorer/projects/noon/metrics/bridged-supply)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/noon/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/noon/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/noon/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/noon/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/noon/metrics/gas-used)

## Links

- [website](https://www.noon.capital/)
- [twitter](https://twitter.com/noon_capital)
- [governance](https://forum.noon.capital/)
- [discord](https://discord.gg/U4PyhAaz%20)
- [etherscan](https://etherscan.io/token/0xda67b4284609d2d48e5d10cfac411572727dc1ed)