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If the past decade was about proving that blockchain works, the next decade is all about making it usable in everyday life. And nothing illustrates that better than stablecoins for payments.
Over the course of this year, Concordium has been quietly growing its PayFi ecosystem, partnering with eight up-and-coming stablecoin issuers. Today, Concordium is excited to announce three more: Colb Finance, StablR, and VNX.
With these issuers, Concordium now supports stablecoins pegged to USD, EUR, GBP, and AED, expanding not only the network of currencies but also the range of PayFi use cases available for real-world adoption.
While stablecoin transactions surpassed an astonishing $7.1 trillion over the past twelve months, rivaling the scale of traditional payment networks, less than 1% of that volume represents real-world payments. For all their growth, stablecoins remain underutilized outside of crypto trading.
So what’s the holdup? The answer lies in trust and infrastructure. To move from speculative trading to daily payment transactions, stablecoins need an infrastructure that’s secure and compliant-ready at scale.
This is where Concordium and its newest partners step in. By issuing their stablecoins natively on the Concordium network, Colb, StablR, and VNX gain the benefits of the chain’s Protocol-Level Token (PLT) technology, which eliminates the need for smart contracts to hold or transfer tokens.
This means that wallets, not smart contracts, natively hold and transfer value, resulting in fewer attack vectors, stronger security, and smoother adoption by institutions and users alike.
With Concordium’s built-in zero-knowledge proof identity framework layered onto native token functionality, stablecoins gain the best of both worlds: the stability of trusted fiat currencies combined with secure, scalable, compliant-ready blockchain rails. This is the missing piece required to move stablecoins from flashy DeFi to real-world payment systems.
“At StablR, we are excited to support innovative protocols, and Concordium stands out as a highly promising platform thanks to its strong focus on KYC and security. The launch of 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 launch and a strong collaboration with Concordium as we continue building trust and accessibility in digital finance.” – StablR Founder & Chief Executive Officer, Gijs op de Weegh
Colb, StablR, and VNX join a strong group of issuers, including Spiko, Aryze, Eurodollar, Agant, Noon, Deep Blue, and AEDX. Welcoming such trusted partners onto the Concordium blockchain is a decisive leap forward to a world where stablecoin payments are not just the exception but the norm.
This also signals Concordium’s evolution as the go-to chain for enterprise-ready stablecoins. With the growth of its PayFi ecosystem and an infrastructure built for scale, trust, and compliance, Concordium is driving the next wave in on-chain finance.
Learn more about stablecoins on Concordium.
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Concordium is a scalable Layer 1 blockchain that offers a unique identity layer at the protocol level to ensure verified and private user interactions enabled via zero-knowledge proof technology.
Founded in 2018, the research-backed chain enables Smart Money with programmable protocol-level tokens, advanced PayFi features like time releases and compliance controls, and secure ID-based geofencing for cross-border transactions, making it the chain of choice for enterprise-ready stablecoins looking for real-world adoption while adhering to new regulatory frameworks.
Legal Notice: Concordium does not provide financial, investment, or tax advice and is not responsible for the services or compliance operations of Colb Finance, StablR, VNX, or other stablecoin issuers. Users are solely responsible for ensuring compliance with local applicable laws and regulations. Please consult with a qualified advisor before engaging with digital assets.
The post Concordium $CCD Welcomes Three New Stablecoins to Its Expanding PayFi Ecosystem appeared first on 36Crypto.
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