Blockchain technology for enterprises with four new stablecoins, Concordium is solidifying its place in the Web3 financial scene as more partners choose to issue assets directly on its platform.
The purpose of the recently added stablecoins, GBPA (Agant), USN (Noon), DBUSD (Deep Blue), and AEDX (AEDX), is to broaden Concordium’s worldwide PayFi network. All four will make use of Concordium’s own Protocol-Level Token (PLT) technology, which allows asset issuance without smart contracts and lowers operational complexity and security risks for businesses.
The infrastructure of Concordium has an embedded identity layer at the protocol level and is driven by zero-knowledge proofs. Thanks to features like time-release payments and geofencing, this system protects user privacy while upholding compliance. Concordium wants to establish itself as a go-to platform for businesses looking for safe, scalable blockchain-based payment solutions thanks to its sophisticated compliance and privacy design.
A Strategic Move Toward Safer, Simpler Blockchain Finance
Unlike many blockchains that rely on smart contracts, Concordium’s approach allows users to hold and transact stablecoins directly through wallets, mitigating exposure to vulnerabilities and exploits common in smart contract-based systems. This architecture, the company asserts, offers a more secure and enterprise-ready foundation for stablecoin deployment.
Commenting on the integrations, Concordium CEO Boris Bohrer-Bilowitzki expressed optimism about the future of the platform and its evolving role in the digital payments space.
“These partnerships not only highlight the scalability and flexibility of our infrastructure, but also signal a broader shift toward real-world applications of Web3 technology,” Bohrer-Bilowitzki said. “We’re proud to welcome Agant, Noon, Deep Blue, and AEDX into our ecosystem and are excited to collaborate with more pioneering projects in the future.”
Global Players Join Forces with Concordium
The new stablecoins represent a diverse geographical and financial mix, each contributing unique value to the Concordium ecosystem:
- Agant (GBPA): A UK-based fintech, Agant is launching a pound sterling-pegged stablecoin backed 1:1 by reserves. As a member of the Digital Pound Foundation and Stablecoin Standard, Agant aims to bridge fiat and decentralized finance, promoting global inclusivity and seamless cross-border payments.
- Noon Capital (USN): USDT or USDC can be used as collateral to manufacture Noon’s USD-backed stablecoin, which is then used in delta-neutral schemes to provide yield. The initiative has now hit $33 million in total value locked since the public beta was launched.
- AEDX (AEDX): Developed by the Dubai-based AEDX, this stablecoin focuses on financial integration in the MENA and CIS areas and is based on the UAE Dirham. AEDX will issue 5 million tokens during its pilot period, with plans to scale to 1 billion as adoption increases.
- Deep Blue (DBUSD): Jersey-based Deep Blue introduces the island’s first stablecoin, backed by USD reserves. Co-founder Julien Bahurel described the launch as a key milestone in connecting traditional finance with Web3, emphasizing the need for trust and efficiency in global finance.
Toward a New Era of Enterprise-Grade Stablecoins
With these four features, Concordium maintains its position as a top Layer 1 blockchain for issuing stablecoins, especially for organizations looking for digital assets that are safe, legal, and simple to deploy.
Looking ahead, Concordium plans to onboard more fiat-pegged tokens and expand its PayFi capabilities, further solidifying its commitment to enabling real-world applications of blockchain-based finance. The platform’s built-in identity verification, lack of reliance on smart contracts, and innovative PLT framework are poised to redefine how enterprises approach digital payments in the Web3 age.
