- Code & State secured $3M to support stablecoin startups, backed by Warburg Serres and KR1.
- The funds will help incubate projects focusing on real-world stablecoin adoption and blockchain-based financial solutions.
- Industry experts predict the stablecoin market will grow tenfold, surpassing $1.5 trillion in the next five years.
Dubai, UAE – Code & State, a Dubai-based venture studio, has raised $3 million in funding to support stablecoin innovation. The investment, backed by Warburg Serres and KR1, aims to accelerate the growth of stablecoin startups and enhance real-world adoption.
Fueling the Future of Stablecoins
Stablecoins have witnessed exponential growth, with transaction volumes surpassing $15 trillion in 2024. As demand for digital assets increases, the need for secure and scalable infrastructure is evident. Code & State aims to bridge this gap by incubating startups that focus on stablecoin adoption, payments, and compliance.
How the Funds Will Be Used
The newly secured funding will enable Code & State to provide mentorship, financial backing, and essential infrastructure to early-stage stablecoin ventures. Their goal is to drive innovation in payments, remittances, and decentralized finance (DeFi), ensuring businesses and individuals can benefit from stable, blockchain-based financial solutions.
A Vision for Growth
Artia Moghbel, Co-Founder at Code & State, emphasized their commitment to fostering a strong stablecoin ecosystem. “Our clear focus on stablecoin ventures creates network effects for all our in-house projects,” he stated. By offering hands-on support, the studio aims to help startups transition from concept to market-ready solutions.
The Rising Demand for Stablecoins
The global stablecoin market is expected to expand rapidly, with industry experts predicting a tenfold increase in market capitalization over the next five years. Investors like Cédric Waldburger, a founding backer of the Liquity (LUSD) stablecoin, believe the sector could exceed $1.5 trillion soon.
Expanding Opportunities for Entrepreneurs
Code & State is actively seeking entrepreneurs to join their venture studio. Selected founders will receive funding, guidance, and access to a network of investors and blockchain experts. This initiative aims to nurture innovative projects that will shape the future of digital finance.
Conclusion
As the stablecoin industry continues to evolve, strategic investments like this will be crucial in shaping its future. With Code & State at the forefront, the UAE is positioning itself as a global hub for stablecoin innovation, further solidifying its leadership in digital finance.
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