Codex’s mission is to take stablecoin finance from serving edge cases to serving the mainstream.
Stablecoins are already a superior way of transmitting value, replacing the trust relationships between legacy correspondent banks with atomic transactions that settle immediately.
Yet despite being faster (10 min vs T+2 settlement) and cheaper (in many corridors, ramp + on-chain fees < FX spreads), stablecoins today serve only the most extreme edge cases of global finance.
Countries with hyperinflation, remittance corridors that are absurdly slow and expensive on trad rails or companies most sensitive to working capital needs.
Why is broad adoption lagging? In discussions with businesses, we find a several key reasons:
Codex’s first product is the world’s first L2 purpose-built for stablecoin finance.
We will eliminate UX, compliance, and process pain points to make stablecoin finance the default choice for businesses.