Concordium secures native launch of four stablecoins backed by major currencies, expanding PayFi ecosystem

Stablecoins have become a cornerstone of crypto transactions, but most still rely on smart contracts—code that’s been at the center of countless hacks and exploits. Concordium is rewriting that script. The enterprise-focused Layer 1 blockchain just landed four new stablecoins—each issued natively without smart contracts—offering a safer, more direct path to digital money.

Today, Concordium announced that four stablecoins—GBPA, USN, DBUSD, and AEDX—will be issued natively on its platform without smart contracts. That means the tokens live directly on the chain, held in wallets, with no middle layer of code open to exploits. This technical shift significantly cuts the risk of common hacks that have plagued the stablecoin space.

The projects choosing to issue on Concordium include Agant, Noon, Deep Blue, and AEDX—each bringing a different flavor of fiat backing and regional reach.

“We are delighted to welcome such exciting projects to our evolving ecosystem,” said Boris Bohrer-Bilowitzki, CEO of Concordium. “These partnerships reflect the success of our platform and its ability to support smart contract-less execution… particularly when it comes to stablecoins.”

Agant, a UK fintech firm and member of both the Digital Pound Foundation and Stablecoin Standard, is launching GBPA, a pound-sterling-backed stablecoin. Their goal is to bridge traditional finance with crypto infrastructure, allowing for smoother cross-border transactions.

Noon is rolling out USN, a dollar-pegged stablecoin backed by deposits in USDT or USDC. The collateral is then put to work in delta-neutral strategies to generate yield. The company recently launched its public beta and has already grown to $33 million in total value locked. The team includes talent from McKinsey, Goldman Sachs, Aave, and OKX.

DBUSD, issued by Deep Blue, is Jersey’s first stablecoin, marking a milestone for the island’s push into digital finance. AEDX, pegged to the UAE Dirham, focuses on the MENA and CIS regions, with integration into major financial and commercial channels. The team plans to issue 5 million AEDX tokens in its pilot phase, with room to grow to 1 billion over the next few years. AEDX also commits most of its profits to public goods and charitable initiatives.

“Launching DBUSD on Concordium is an important milestone in our roadmap,” said Julien Bahurel, CEO and co-founder of Deep Blue. “We are looking forward to redefining how stablecoins can power cross-border finance with trust and efficiency in the years ahead.”

With stablecoins pegged to three major fiat currencies—USD, GBP, and AED—Concordium is positioning itself as a strong contender for global financial applications. Its built-in ID layer and native token infrastructure remove the usual need for custom smart contracts, making it easier for institutions to deploy digital assets with fewer security headaches.

Founded in 2018, Concordium blends regulatory-friendly features with programmable protocol-level tokens and geofenced compliance tools, making it appealing to fintech companies looking for more control and stability in their deployments.