Three more leading stablecoin platforms will join Enterprise-focused blockchain Concordium’s expanding PayFi ecosystem, the company announced. By using Concordium’s Protocol-Level Token technology, StablR, Colb, and VNX will be able to issue their assets natively on its chain and store them in wallets devoid of smart contracts, greatly lowering the hazards associated with other blockchains like Ethereum and Solana.
Concordium CEO Boris Bohrer-Bilowitzki stated:
“We’re thrilled to partner with StablR, Colb, and VNX to bring their stablecoins to our PayFi ecosystem. The arrival of three new issuers showcases how Concordium is becoming the home for compliance-ready Stablecoins looking to be adopted for real world use cases.”
Global adoption is supported by the stablecoins that are set to be implemented on Concordium, which are based on three distinct fiat currencies: GBP, USD, and AED. The blockchain’s integrated ID layer and protocol-level token technology, which were designed to satisfy the needs of real-world applications, greatly lower security risk and provide essential foundation for stablecoin issuance.
Euro and USD are offered via European issuer StablR, which is backed by Tether and Kraken and maintains an EMI license in order to comply with EU regulations. With listings on more than 50 major exchanges, including as Kraken, Bitfinex, Bybit, and HTX, and support for more than 150 trading pairs, StablR has achieved tremendous traction since its introduction only six months ago. In H1 2025, it recorded €3 billion in transaction volume.
StablR Founder & Chief Executive Officer, Gijs op de Weegh stated:
“At StablR, we are excited to support innovative protocols, and Concordium stands out for its strong focus on KYC and security. Launching EURR and USDR on Concordium is an important step toward bringing compliant stablecoin solutions to the ecosystem. We look forward to a successful rollout and continued collaboration to build trust and accessibility in digital finance.”
With reserves held in Swiss banks, Colb, a USD-backed stablecoin, gives investors access to Tokenized Structured Products (TKSPs) that replicate the performance of different real-world assets. Regarding VNX, which is established in Liechtenstein, the British Pound stablecoin is 1:1 backed by GBP reserves that are kept in Swiss and Liechtenstein banks.
There is a tremendous push towards real world stablecoin payments, which now make up just 1% of the total transaction volume, as stablecoin transactions have surpassed $7.1 trillion in the previous 12 months, according to Visa. Using Concordium’s Protocol-Level ID and Token technology, issuers including Spiko, Agant, Aryze, Eurodollar, Noon, Deep Blue, and AEDX are attempting to move more quickly into mainstream payments use cases.
Concordium is a scalable Layer 1 blockchain that uses zero-knowledge proof technology to allow verified and private user interactions by providing a unique identity layer at the protocol level. The research-backed chain was established in 2018 and makes Smart Money possible with programmable Protocol-Level Tokens, sophisticated PayFi features like time releases and compliance controls, and safe ID-based geofencing for cross-border transactions. As a result, it is the preferred chain for enterprise-ready stablecoins seeking practical adoption while satisfying new regulatory requirements.
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