Codex Invests $15.8 Million to Build Stablecoin-Focused Blockchain

Blockchain startup Codex has secured a significant funding round of $15.8 million to develop a dedicated stablecoin blockchain, reflecting the growing industry and regulatory support for fiat-backed assets. The seed funding was led by Dragonfly Capital, with participation from industry giants like Coinbase, Circle, Cumberland Labs, and Wintermute Ventures. The funds will be used to build Codex’s stablecoin-centric platform from scratch. 0