Native USDC is now live on Codex! Learn more

The native chain for all Stablecoins

for all stablecoins

Problem

A trillion-dollar breakthrough, stranded on  rails that can’t keep up

Stablecoins: The Next Trillion-Dollar Platform Shift

Stablecoins, tokens pegged 1:1 to traditional currencies, have become the fastest-growing financial instrument in modern history. Stablecoins in circulation surged from $4 billion in 2019 to over $170 billion today, outpacing the growth of the early internet.

Adopted Only at the Periphery

Yet stablecoins remain on the fringes of global finance — used primarily by citizens battling hyperinflation or companies shut out of the traditional banking system. Stablecoins work, but the infrastructure they move on was never built-for-purpose.

Built on Brittle Foundations

Using stablecoins today feels like trying to stream Netflix on Netscape: costly, unpredictable, and fragile. Gas fees spike wildly, outages are common, and production-scale finance was never part of the original design.

Problem

Legacy blockchains are throttling the growth of stablecoins

Stablecoin adoption is at a point of inflection

Global stablecoin supply has more than 20x’d from $10 billion to $239 billion in 5 years.  Stablecoin issuers now own more U.S. Treasuries than Germany.  

Yet incumbent blockchains are fumbling

Consensus thinking says that blockchain teams should attempt to appeal to as many use cases as possible to maximize their addressable market. But governance, product and engineering tradeoffs are inescapable across use cases.

Focus is everything

Building a blockchain ready for mainstream use of stablecoins requires the technical sophistication to understand the latest research, and the product sense to apply it usefully.

This product sense is generated from thousands of hours of fieldwork. Not to mention mastery of a hundred thorny banking, regulatory and compliance details. This is impossible without focus.

Solution

Purpose-built infrastructure for the future of stablecoin finance.

Codex is the first full-stack,
stablecoin-native ecosystem, architected
from first principles to unlock mainstream stablecoin adoption at scale.



At its foundation lies the Codex blockchain:
the first high-throughput, stablecoin-native chain.

Launching with USDC on Day 0.

The earliest chain ever to go native with USDC, the
largest regulated stablecoin on the planet.

Solution

Codex is a purpose-built blockchain for all stablecoins

We’re the youngest chain to ever secure USDC native mint

USDC
USDC
USDC
USDC
USDC
USDC

We apply the latest research to solve the thorniest problems in stablecoin finance

Issuer neutral

Codex works with all issuers. We believe the stablecoin chain of the future must provide native access to all stablecoins.

Predictable, low fees

Codex dampens fee volatility, keeping transaction costs consistent and low, even during periods of network congestion or market stress.

Settled on Ethereum

Codex settles all transactions on Ethereum, the most decentralized and battle-tested smart contract platform on the planet.

Native Stablecoin Issuance

Codex is the first chain to launch with native USDC — the world’s largest regulated stablecoin. This eliminates bridging risk and enables direct minting / redemption with the issuer for end-to-end security and full control over funds.

Settled on Ethereum

Codex settles all transactions on Ethereum, anchoring stablecoin flows to the most decentralized and battle-tested smart contract platform on the planet.

Predictable, Low Fees

Codex eliminates fee volatility, keeping transaction costs consistent and low, even during periods of network congestion or market stress.

Gas payable in Stablecoins

Gas payable using USDC, USDT, and other supported stablecoins. No secondary asset, no exposure to volatility.

T+0 wholesale FX

Private Alpha

Codex Avenue provides instant, institutional-grade settlement across any fiat / stablecoin pair at wholesale prices.

This gives users access to USD <> USD, USD <> non-USD, and fiat <> stablecoin swaps across dozens of geographies, and at or near a 1:1 basis.

Atomic off ramps

Q4 2025

Status quo compliance checks are off-chain, lack atomicity, and result in frozen accounts and inaccessible funds.  

Codex enforces compliance as part of transaction execution, not after. Transactions that fail the ramp’s compliance checks revert. This means users’ stablecoins are never stuck at a ramp because of compliance problems.

Risk-free fiat delivery

Q4 2025

Across much of the emerging world, off-ramps are unreliable, slow or fraudulent. Codex uses a validator set composed of participating ramps. These validators are held accountable with native slashing rules. 



This means users enjoy unprecedented guarantees that their off-chain transactions will happen safely and quickly.

T+0 wholesale FX

Private Alpha

T+0 wholesale FX

Private Alpha

Codex Avenue provides instant, institutional-grade settlement across any fiat / stablecoin pair at wholesale prices.

This gives users access to USD <> USD, USD <> non-USD, and fiat <> stablecoin swaps across dozens of geographies, and at or near a 1:1 basis.

Atomic off ramps

Q4 2025

Status quo compliance checks are off-chain, lack atomicity, and result in frozen accounts and inaccessible funds. 

Codex enforces compliance as part of transaction execution, not after. Transactions that fail the ramp’s compliance checks revert. This means users’ stablecoins are never stuck at a ramp because of compliance problems.

Risk-free fiat delivery

Q4 2025

Across much of the emerging world, off-ramps are unreliable, slow or fraudulent. Codex uses a validator set composed of participating ramps. These validators are held accountable with native slashing rules.

This means users enjoy unprecedented guarantees that their off-chain transactions will happen safely and quickly.

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