- Stablecoin transactions topped $7.1 trillion in the past year, but only 1% is used for real-world payments.
- Concordium’s compliance-focused infrastructure is looking to close this gap and drive mainstream adoption.
Enterprise-focused blockchain Concordium has announced the integration of three new stablecoin issuers into its expanding PayFi ecosystem. StablR, Colb, and VNX will deploy their fiat-pegged stablecoins natively on Concordium, leveraging its protocol-level token technology to offer enhanced compliance and reduced risk compared to other blockchains.
Concordium is a scalable Layer 1 blockchain built for enterprises seeking compliant blockchain solutions. Unlike blockchains such as Ethereum or Solana, where stablecoins often rely on smart contracts, Concordium’s approach is to issue assets directly at the protocol level. This design minimizes vulnerabilities associated with smart contracts. The built-in identity (ID) layer makes Concordium a secure base for regulated stablecoin adoption.
Concordium CEO Boris Bohrer-Bilowitzki welcomed the expansion, stating that the arrival of three established issuers highlights the chain’s role as a home for compliance-ready stablecoins designed for real-world use cases.
StablR, Colb, and VNX Strengthen PayFi Ecosystem
The incoming stablecoins will broaden Concordium’s global reach with assets pegged to GBP, USD, and AED.
European issuer StablR is bringing euro- and USD-pegged stablecoins to Concordium. StablR is backed by Tether and Kraken, and currently holds an EMI license for EU compliance. In the six months since launch, the project has experienced rapid growth.. StablR is listed on over 50 major exchanges, including Kraken, Bitfinex, Bybit, and HTX, supporting more than 150 trading pairs and recording €3 billion in transaction volume in the first half of 2025.
Colb is a USD-backed stablecoin with reserves held in Swiss banks and is set to join the PayFi ecosystem, also. Colb provides investors with access to Tokenized Structured Products (TKSPs), which mirror the performance of a variety of real-world assets.
Liechtenstein-based VNX is the third with a GBP-backed stablecoin.Its GBP reserves are backed 1:1 and safeguarded in banks located in Switzerland and Liechtenstein.
Why Stablecoin Payments Remain Underused in the Real World
According to Visa, stablecoin transactions surpassed $7.1 trillion in the past 12 months, yet only about 1% of this activity is linked to real-world payments. This gap represents a major growth opportunity for platforms like Concordium, which combine regulatory compliance with practical payment features.
Issuers such as Spiko, Agant, Aryze, Eurodollar, Noon, Deep Blue, and AEDX are also exploring Concordium’s infrastructure to tap into mainstream payment applications.

