Concordium Strengthens Digital Finance with StablR, Colb, and VNX Stablecoins
Enterprise-focused blockchain Concordium has announced that three additional leading stablecoin platforms will join its growing PayFi ecosystem. StablR, Colb, and VNX will leverage Concordium’s Protocol-Level Token technology to issue their assets natively on its chain, and held directly in wallets with no smart contracts, significantly reducing risks that exist in other blockchains like Ethereum and Solana.
“We’re thrilled to partner with StablR, Colb, and VNX to bring their stablecoins to our PayFi ecosystem,” said Concordium CEO Boris Bohrer-Bilowitzki. “The arrival of three new issuers showcases how Concordium is becoming the home for compliance-ready looking to be adopted for real world use cases.”
The stablecoins poised to be deployed on Concordium are pegged to three different fiat currencies in GBP, USD, and AED, supporting global adoption. Conceived to meet the demands of real-world applications, the’s built-in ID layer and protocol-level token technology significantly reduce security risk, providing critical infrastructure for stablecoin issuance.
European issuer StablR, backed by Tether and Kraken offers euro and USD. Stablecoins and holds an EMI license for EU compliance. Since launching just six months ago, StablR has seen rapid adoption, with listings on over 50 major exchanges, including Kraken, Bitfinex, Bybit, and HTX, supporting 150+ trading pairs and recording €3 billion in transaction volume in H1 2025.
“At StablR, we are excited to support innovative protocols, and 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,” said StablR Founder & Chief Executive Officer, Gijs op de Weegh.
USD-backed stablecoin with reserves secured in Swiss banks, Colb, grants investors an entry point to (TKSPs) that mirror the performance of various real-world assets. As for Liechtenstein-based VNX, its British Pound stablecoin is backed 1:1 by GBP reserves held in banks in Switzerland and Liechtenstein.
With Stablecoin transactions crossing $7.1 Tn in the last 12 months according to Visa, there is a strong push towards real world stablecoin payments, which currently stands only at 1% of the overall transaction volume. Issuers such as Spiko, Agant, Aryze, Eurodollar, Noon, Deep Blue, and AEDX are trying to accelerate into mainstream payments use cases, leveraging Concordium’s Protocol-Level ID and Token technology.
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