Start by cooking the rice noodles according to the package instructions. Drain and rinse with cold water to stop the cooking process. Set aside.
In a large mixing bowl, combine the shredded carrots, sliced bell pepper, shredded red cabbage, chopped cilantro, and green onions. Toss to mix.
In a separate small bowl, whisk together the peanut butter, soy sauce, sesame oil, honey (or maple syrup), rice vinegar, lime juice, and sriracha. If the sauce is too thick, add water a teaspoon at a time until you reach your desired consistency.
Add the cooked rice noodles to the bowl with the vegetables. Pour the peanut sauce over the noodles and toss everything together until well coated.
Let the salad sit for about 10-15 minutes to allow the flavors to meld together.
Just before serving, taste and adjust the seasoning, adding more lime juice or sriracha as desired.
Serve chilled or at room temperature, garnished with chopped peanuts on top for an added crunch.