Codex to build stablecoin-only blockchain, disavowing ‘general-purpose’ chains — Report

">">Blockchain startup Codex has raised $15.8 million to build a layer-2 network specifically for stablecoins, signaling that more builders are rushing to capitalize on the growing industry and regulatory alignment around fiat-backed stable assets. The seed round was led by Dragonfly Capital, with additional participation from Coinbase, Circle, Cumberland Labs, Wintermute Ventures and others, Codex told https://fortune.com/crypto/2025/04/04/codex-seed-round-dragonfly-coinbase-circle-15-8-million/

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