Coin98 Wallet has integrated Concordium Protocol-Level Token (PLT) stablecoins, giving over 10 million users instant access to identity-verified digital payments. This integration makes Coin98 the first multi-chain wallet to support Concordium PLTs, designed for secure, compliant transactions rather than just trading.
Stablecoin payments use digital tokens pegged to fiat (like USDC) to enable fast, low-cost, and global transactions with on-chain transparency and no chargeback risk. They are used for cross-border payments, B2B transactions, payroll, and merchant checkouts, often settling in seconds. Platforms like Stripe and Coinbase allow businesses to accept or send stablecoins, with automatic fiat conversion to reduce volatility.
IMG TXT: Coin98 Wallet Enables Identity-Verified Stablecoin Payments. Source: Coin98
Streamlined identity and wallet setup
Users can create a Concordium account within minutes, manage CCD and PLTs, and transact with verified assets. Concordium’s cryptographically protected identity layer ensures user control while providing businesses with confidence in compliance. Unlike typical stablecoins focused on trading, PLTs are built for practical payment use, enabling fast, low-cost, on-chain transactions at scale.
Expanding real-world crypto payments
The integration targets markets in Asia-Pacific, Vietnam, Thailand, and Indonesia, with growing adoption in the US, Russia, and Nigeria. Users can now use PLTs for digital commerce, cross-border payments, and content monetization. Concordium and Coin98 aim to create a seamless “1-Click Verify & Pay” experience, offering a blockchain-native alternative to closed payment systems while supporting everyday financial activity globally.
PLTs are available today on Coin98’s iOS, Android, and browser extension platforms. This rollout is the first in a series of multi-chain wallet integrations designed to bring verified stablecoin payments to millions, bridging crypto with practical financial utility worldwide.
In another stablecoin development, PayPal officially extended access to its PYUSD stablecoin to users in 70 countries, marking a significant push to integrate digital assets with traditional payments. Users in these regions can now hold, send, receive, and earn rewards on PYUSD directly within their PayPal wallets, a suite of features that were once reserved for select markets.
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