Concordium proudly welcomes Eurodollar, a regulated stablecoin issuer, strengthening its foundation to deliver Smart Money and scalable on-chain finance.
As the demand for on-chain regulatory-aligned financial infrastructure accelerates, Concordium continues to march forward in building a trusted, compliant-ready ecosystem for PayFi (Payment Finance), and proudly welcomes Eurodollar – a regulated stablecoin issuer focused on delivering compliant Smart Money solutions.
The collaboration marks yet another milestone in Concordium’s vision to advance PayFi as a scalable, privacy-preserving, and enterprise-ready protocol to fuel a new era of digital financial products and services.
Powering PayFi with Concordium’s ZKP enabled Identity Layer
At the core of this collaboration is the development of a regulated PayFi profile whereby a robust programmable framework aligns with global compliance standards and is designed to run on Concordium’s identity-anchored Layer-1 blockchain. This profile will leverage Concordium’s unique zero-knowledge proof identity technology, which allows users and institutions to verify compliance (such as KYC/AML) without exposing personal data.
Together, Concordium and Eurodollar will aim to set a new standard for trusted, on-chain financial instruments with built-in regulatory alignment from the start. Embedding privacy-preserving identity, compliance and core functionality directly into Concordium’s protocol-level, eliminates the need for complex custom smart contracts – reducing both security vulnerabilities and development costs. Such an architecture empowers stablecoin issuers such as Eurodollar, as well as fintechs and financial institutions to begin transitioning financial systems on-chain with confidence.
Eurodollar: Stablecoins Meet Regulation
Eurodollar is a stablecoin issuer on a mission to lead on-chain finance by creating financial blockchain products that deliver real-world value. Regulated by the Danish Financial Supervisory Authority and aligned with the MiCAR, the company’s approach blends the reliability of traditional finance with the programmability and composability of blockchain-based innovation.Their mission is to bridge the gap between TradFi and Web3 by offering secure and transparent digital assets designed to maintain a stable value and provide returns.
Their core products currently include:
- USD€ – A fully backed stablecoin, pegged 1:1 to the US dollar. Designed for high-speed, low-cost transactions, USD€ offers a stable foundation for tokenized securities and cross-border payments.
- USDi – A yield-bearing version of the US dollar, backed by low-risk, high-quality liquid assets. USDi provides access to real-world returns in a digital-native form.
Smart Contractless Execution on Concordium’s Devnet
As part of Concordium’s Devnet program, Eurodollar plans to launch both USD€ and USDi as Protocol-Layer Tokens (PLTs). These assets will represent a new breed of stablecoins issued natively on chain, and engineered for integration across institutional-grade use cases, offering scale without compromising on usability, data privacy or performance.
Within the Devnet collaborative environment, Eurodollar will work closely with Concordium teams and ecosystem builders to co-develop and test real-world PayFi applications. This hands-on participation will enable them to rapidly prototype and validate regulated financial primitives that serve critical market needs.
Eurodollar will also explore key use cases where liquid but stable, reliable, secure value with an opportunity to earn yield is compelling, this includes tokenized securities, defi and global payments.
A Shared Vision for Real World Application
Eurodollar’s initial core tokens, USD€ and USDi, will be seamlessly integrated into the Concordium ecosystem, making the advantages of compliant PayFi solutions clear and actionable for financial institutions, corporates, and fintech platforms.
“We are very excited about our cooperation with Concordium. Financial markets and payments are moving on-chain at an accelerated pace. We think the unique solutions Concordium and Eurodollar will soon start delivering together are the perfect fit for exactly this market transition.” Allan Pedersen, CEO of Eurodollar.
Concordium and Eurodollar share a vision to accelerate the adoption of regulated, secure, and scalable Smart Money infrastructure—designed not only to comply with global regulation, but to set the standard for it. This collaboration represents a critical step forward for the future of stablecoins, PayFi, and blockchain-based financial infrastructure. We’re laying the foundation for smarter, safer, and more inclusive Web3 financial instruments.
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