Introduction to Code & State’s Game-Changing Move in Stablecoins
In a world where digital payments are rapidly becoming the norm, Code & State, a Dubai-based venture studio, has just secured a massive $3 million in funding to lead the charge in the stablecoin revolution. Supported by top investors like Warburg Serres and KR1, Code & State is now on a mission to incubate new startups that will push stablecoins into mainstream adoption.
Backing from Crypto Giants
With Warburg Serres and KR1 backing them, Code & State has access to an incredible network and deep expertise in the world of Web3 and crypto. These investors know that stablecoins aren’t just a passing trend—they’re the future of global finance. The funding isn’t just about money; it’s about paving the way for the next generation of stablecoin startups to thrive.
The Vision: A Trillion-Dollar Market for Stablecoins
Led by Cédric Waldburger, who was an early investor in the Liquity (LUSD) stablecoin and a serial entrepreneur, Code & State has a bold vision. Waldburger believes that the stablecoin market could grow 10 times in the next five years, reaching over $1.5 trillion. He’s not just talking about growth—he’s talking about a revolution in how we use money worldwide.
With Artia Moghbel, former COO at Dfinity and Co-Founder of Code & State, the firm is doubling down on building a powerful ecosystem for stablecoins. Moghbel’s focus on creating network effects means that the studio’s ventures will not only grow but also support one another to drive faster adoption.
Why Stablecoins?
The stablecoin market is exploding. In 2024 alone, global transaction volumes exceeded $15 trillion, surpassing even Visa’s annual payments. More and more people are turning to stablecoins for cross-border payments, everyday transactions, and decentralized finance (DeFi). But with this growth comes the need for stronger infrastructure, security, and compliance—exactly what Code & State plans to provide to its startups.
Empowering Entrepreneurs
As someone who has built businesses from the ground up, Cédric Waldburger understands that empowering founders is key. That’s why he ensures that entrepreneurs in Code & State’s portfolio retain 80% of their company’s upside. This strong equity incentive is a big part of what will attract the brightest minds to join the stablecoin revolution.
Get Involved: Code & State’s Entrepreneur-in-Residence Program
For aspiring founders with big ideas in the stablecoin space, Code & State is now opening up its Entrepreneur-in-Residence (EIR) program. This is a unique opportunity to receive funding, mentorship, and access to a network of industry experts who can help turn a simple idea into a market-ready product. If you’ve got a vision for the future of stablecoins, this could be your chance to make it happen.
The Road Ahead: Shaping the Future of Finance
As demand for secure and seamless digital payments continues to grow, Code & State is perfectly positioned to drive the innovation needed to make stablecoins a global standard. With backing from major investors and a clear focus on nurturing the next wave of stablecoin-focused startups, the studio is setting the stage for massive growth and adoption in the years to come.
If you want to be part of the stablecoin revolution, keep an eye on Code & State—they’re building the future of digital finance, one innovation at a time.
