# Noon Capital > The intelligent and fair yield-generating stablecoin Noon is a stablecoin issuer offering a yield-generating stablecoin system. It maintains a USD peg through automated capital allocation across delta-neutral strategies for retail and institutional users. Noon is a stablecoin issuer that operates a yield-generating stablecoin system built around USN, a USD-pegged stablecoin, and its staked variant, which accrues yield to holders. The protocol targets users seeking returns on stable-value holdings without active management, distributing a large share of generated returns back to participants through yield and governance token rewards. The system works by allocating deposited collateral across a range of delta-neutral strategies designed to generate returns while limiting directional market exposure. Users mint the stablecoin using major fiat-backed stablecoins as collateral, and can stake it to receive the yield-bearing variant. The protocol publishes information on its reserves and risk framework to support transparency around how funds are deployed. Noon's offering centers on its stablecoin and staking vaults, supported by a governance token that lets holders vote on protocol decisions and share in protocol revenue through token buybacks. Additional vaults extend the delta-neutral strategy across supported deployments. It is used by holders seeking stable, yield-bearing assets and by participants in its governance and rewards programs. - Type: Company - Sector: Finance - Status: Active - Founded: 2025-01-01 - Profile: https://thegrid.id/profiles/noon_capital ## Products - [Noon Protocol](https://thegrid.id/profiles/noon_capital): Noon Protocol is a stablecoin platform that issues USN, a dollar-pegged token backed by delta-neutral trading strategies, and its staked counterpart sUSN. Users mint and redeem USN against supported collateral assets, then stake it into sUSN to accrue yield generated from the protocol's hedged deployment strategies. The platform also provides a token bridge for moving USN and sUSN across supported blockchains, an integrated swap function, and a rewards programme that incentivizes participation. Holders of the governance token can stake and vote to influence protocol parameters and treasury decisions. The product is accessed through a single web application covering issuance, staking, bridging, swapping, and governance. (Stablecoin Issuer, Open Beta, Main Product) ## Assets - [Noon USN (USN)](https://thegrid.id/profiles/noon_capital): USN is a USD-pegged stablecoin issued by Noon Protocol. It is used as the base asset for minting sUSN, a yield-bearing staked variant, and can be redeemed one to one for the underlying collateral. Every token is backed by USDT, USDC, or short-term US Treasury Bills held in custodial wallets, with reserves deployed into delta-neutral strategies. (Stablecoin) - [NOON (NOON)](https://thegrid.id/profiles/noon_capital): NOON is the governance token of Noon Protocol. Staking NOON yields sNOON, which grants holders voting rights over protocol decisions such as approving new deployment strategies, and directs proceeds from the Noon Insurance Fund toward buybacks and staker distributions. The token is not yet launched, with staking mechanics still in development. (Governance) - [sUSN (sUSN)](https://thegrid.id/profiles/noon_capital): sUSN is a yield-bearing token representing staked USN within Noon Protocol. Holders receive returns generated from delta-neutral deployment strategies applied to the reserves backing USN, with value accruing through an increasing exchange rate against USN. It is the vault-token counterpart to USN, deployed across multiple blockchains for cross-chain composability. (Vault Tokens) - [sNOON (sNOON)](https://thegrid.id/profiles/noon_capital): sNOON is the staked form of the NOON governance token within Noon Protocol. Staking NOON to receive sNOON grants holders voting rights on protocol decisions, including approval of new deployment strategies, and entitles them to a share of unused funds distributed from the Noon Insurance Fund after a three month holding period. It is not yet live, as NOON staking remains in development. (Governance) ## Links - [Main](https://noon.capital) - [Documentation](https://docs.noon.capital) - [Privacy policy](https://noon.capital/privacy-policy) - [Terms of Service](https://noon.capital/terms-and-conditions) - [Media Kit/branding](https://docs.noon.capital/additional-resources/brand-assets) - [Twitter / X](https://x.com/noon_capital) - [Telegram](https://t.me/nooncapital) - [Discord](https://discord.com/invite/XFeJ94E9NS) - [GitHub](https://github.com/dclf-labs) - [LinkedIn](https://www.linkedin.com/company/nooncapital) - [Paragraph](https://paragraph.com/@nooncapital) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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