Ambiguity Surrounding the NOAH Token and Distinguishing Between Projects
In the world of cryptocurrency, the name “NOAH” can refer to at least two completely different projects, which has led to confusion in the market. When evaluating “what kind of cryptocurrency NOAH is” and “how NOAH Coin performs,” it is first necessary to clearly distinguish between these two entities.
1. Noah Coin (NOAHP) / Noah DeFi City: Controversy and Low Activity
The first project is Noah Coin (NOAHP), the native token of the “Noah DeFi City” ecosystem.The project once claimed to be building a blockchain-based decentralized nation, featuring its own Noah blockchain and utilizing a Delegated Proof-of-Stake (DPoS) consensus algorithm. Its vision was to allow citizens to obtain shares of NOAHP tokens, be exempt from taxes, and access DeFi solutions—with plans to even exchange the tokens for actual land.
Historical Controversies and Current Status
- Early Allegations: The project’s predecessor, “Old Noah Coin (NOAH),” sparked widespread allegations of “fraud” in Japan during its initial coin offering (ICO) in 2017.Philippine regulators explicitly stated that they had not authorized the Noah Foundation and Noah Global Innovation Services Inc. to conduct a presale of Noah Coin and did not recognize it as a national project.
- Market Performance: As of September 14, 2026, both the older Noah Coin (NOAH) and the newer NOAHP have shown extremely low market activity.Although the older NOAH token on the Ethereum network has a total supply of 216 billion, its trading volume is virtually zero. The newer NOAHP token is priced at approximately $0.00000128, with a market capitalization of only about $38,000; its 24-hour trading volume is also extremely low, and there have even been instances of zero trading.
- Project Status: Reports indicate that the old official website has been converted into an overseas gambling site, further confirming that the project has essentially stalled or become worthless.
Risk Warning: Given its history of controversy and current extremely low trading activity, this token no longer has an active trading market; investors should be aware of the associated risks.
2. Noah: An Active Stablecoin Payment Infrastructure
The second project, named “Noah,” is a recently active global payment infrastructure provider and crypto wallet. The project focuses on stablecoin-based cross-border payments and aims to provide regulated services to businesses and individuals.
Project Positioning and Features
- Core Objective: Noah is committed to driving the adoption and practical application of stablecoins by seamlessly integrating real-world financial infrastructure with on-chain tools.
- Key Features:
- Provides regulated virtual U.S. dollar accounts for users in the U.S. and globally.
- Supports real-time conversion of stablecoins to fiat currency.
- Offers free deposit and withdrawal channels.
- Enables cross-border payments across more than 70 countries.
- Use Cases: The platform supports everyday financial tools such as payroll, international money transfers, and B2B payments, all facilitated through decentralized finance (DeFi) applications.
Funding and Partnership Updates
- Funding: As of July 2025, Noah has successfully completed a $22 million seed round, which will be used to expand operations and accelerate infrastructure development.
- Key Partnerships:
- Gnosis: In July 2025, Noah and Gnosis announced a strategic partnership aimed at bridging the gap between traditional finance and open payments.
- Ledger: In October 2025, Noah launched a “Cash to Stablecoin” feature within the Ledger Wallet app, allowing users to send and receive euros and U.S. dollars directly within the wallet and convert them instantly into stablecoins.
- NALA: In January 2026, the two companies partnered to provide an instant stablecoin settlement network for emerging markets in Africa and Asia, addressing the issues of high fees and settlement delays in cross-border payments.
- Nafolo: In March 2026, the partnership deployed stablecoin-powered virtual bank accounts to address the challenges faced by remote workers and students in Sub-Saharan Africa in receiving funds from abroad.
- Circle: Noah partnered with stablecoin issuer Circle to integrate USDC, enabling seamless payments between decentralized and traditional financial systems.
Market Reception
Noah’s CEO, Shah Ramezani, stated that the project’s goal is to make stablecoins practical, secure, and easy to use.Although the project has demonstrated positive progress and extensive partnerships in the payments infrastructure sector, it should be noted that active trading data for its token of the same name (with a maximum supply of 21,000,000 NOAH) on mainstream cryptocurrency exchanges has not yet been clarified; therefore, it is not currently considered a cryptocurrency asset available for direct trading by retail investors.
Summary
When discussing “NOAH Coin,” it is essential to distinguish which specific project is being referred to. If it refers to the NOAHP token associated with “Noah DeFi City,” that project has a history of significant controversy and currently lacks an active trading market, posing extremely high risks.If the reference is to the “Noah” payment infrastructure project focused on cross-border stablecoin payments, it is an entity that has secured funding and is actively expanding partnerships; however, whether it has issued an active token available for public trading, as well as the token’s market performance, still requires further verification.
