Concordium Welcomes Three New Stablecoin Issuers to Its Expanding PayFi Ecosystem

Colb Finance, StablR, and VNX are the latest issuers to join Concordium’s compliance-ready blockchain, bringing fresh momentum to stablecoin payments and real-world adoption.

Stablecoins have already processed $7.1 trillion in transactions over the past year, rivaling the scale of traditional payment networks - but less than 1% of that is used for real-world payments. Concordium is on a mission to change that.

By issuing natively on Concordium using Protocol-Level Token (PLT) technology, Colb, StablR, and VNX bypass the need for smart contracts to hold or transfer tokens. This design minimizes attack vectors, boosts security, and allows wallets to directly hold and transfer value - a crucial step for institutional adoption. Combined with Concordium’s built-in identity layer and zero-knowledge proofs, these stablecoins gain the security, scalability, and compliance required to move from trading to transacting.

Meet the New Issuers

• Colb Finance (USD): Swiss-based issuer offering a USD-pegged stablecoin designed to unlock tokenized structured products for pre-IPO tech, private equity baskets, and institutional funds.
• StablR (EUR & USD): Backed by Tether and Kraken, with an EU EMI license and listings on 50+ exchanges, StablR brings proven volume (€3B in H1 2025) and compliance-first stablecoins to Concordium.
• VNX (GBP): Liechtenstein-based issuer deploying a fully collateralized, GBP-backed stablecoin with reserves held across Switzerland and Liechtenstein.

“Launching EURR and USDR on Concordium marks an important step in bringing reliable and compliant stablecoin solutions to the ecosystem. We look forward to a successful rollout and strong collaboration with Concordium as we continue building trust and accessibility in digital finance.”

- Gijs op de Weegh, CEO, StablR

The Next Era of Smart Money

Colb, StablR, and VNX join an expanding roster of issuers including Spiko, Aryze, Eurodollar, Agant, Noon, Deep Blue, and AEDX - positioning Concordium as the home of enterprise-ready stablecoins.

With PLT technology, built-in compliance tools, and a fast-growing PayFi ecosystem, Concordium is building the rails for on-chain money that works in the real world.