Tribe Techie has learnt of the completion of Code & State’s successful $3 million strategic funding round backed by Warburg Serres and KR1.
According to the Dubai-based startup studio, the funds will be used to incubate and accelerate startups focused on expanding the real-world use of stablecoins, a fast-growing segment in the global fintech landscape.
With this investment, Code & State aims to provide capital, hands-on mentorship, and infrastructure to entrepreneurs tackling key challenges in the stablecoin ecosystem from payment systems and cross-border remittances to compliance and transactional security.
The move comes as global stablecoin transaction volumes surpassed $15 trillion in 2024, outpacing annual Visa payments, and highlighting the increasing adoption of stablecoins in cross-border payments, day-to-day transactions, and decentralized finance (DeFi).
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The studio is currently seeking UAE-based founders to join its program and build new ventures around stablecoin use cases. Selected founders will gain access to funding, operational support, and a robust network of investors and industry experts.
The startup program is designed to fast-track ideas from concept to market-ready solutions, increasing the odds of success for early-stage ventures in the Web3 and fintech space.
Code & State was founded by Cedric Waldburger, an early investor in Liquity and a seasoned entrepreneur with deep experience in the crypto space. Waldburger believes stablecoins are a foundational force in the future of global finance. He stated: “We believe the total market cap for stablecoins will grow 10x over the next five years, surpassing $1.5 trillion. The potential is massive.”
With this funding, Code & State is positioning itself as a catalyst for the next wave of stablecoin innovation, helping build the infrastructure and solutions that will redefine digital payments globally.
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