Codex
@CodexFX
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The FX standard for moving between fiat and stablecoins. Anything to anything.
Joined May 2024
Introducing Codex FX. The new standard for moving between fiat and stablecoins. Anything to anything.
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Introducing Codex FX. The new standard for moving between fiat and stablecoins. Anything to anything.
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1/ Today we're launching CodexFX — wholesale FX infrastructure built on stablecoin rails, for businesses moving money across the world. https://t.co/6GzLN1iyJb Here's why we built it, and why now.
codex.xyz
Wholesale FX for cross-border payments with 24/7 stablecoin settlement. Seamlessly move between fiat and stablecoins across emerging markets.
Introducing Codex FX. The new standard for moving between fiat and stablecoins. Anything to anything.
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The hardest problem in crypto isn't faster chains or better wallets. It's moving money between crypto and fiat globally. Today @CodexFX launches to fix this. Anything to Anything. fiat ↔ stables stables ↔ stables cross-border Across G7, emerging, and frontier currencies.
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Codex FX is live five years ago, I moved into a hacker house in LA to work on scaling with vitalik It became clear to me by ’22 that we all had our heads in the sand we didn’t need more or fancier blockspace, we needed to make moving between a unit of fiat and stables truly
Introducing Codex FX. The new standard for moving between fiat and stablecoins. Anything to anything.
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Why do emerging markets need stablecoins more than anyone? • Currency depreciation erodes savings • Remittances cost 6.5% on average • International transfers take 1-5 days • No access on weekends or holidays Stablecoins help address all four.
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The FX market moves $10 trillion per day. Less than 0.1% of that touches stablecoin rails.
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codex is the stablecoin FX specialist we help people move anything to anything
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Every financial system eventually gets rebuilt on better infrastructure. We're at that moment for FX. Codex is that infrastructure.
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Information: Letters → Telegraph → Email → Messaging Apps Payments: Coins → Bills → Bank Cards → Stablecoin Apps
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Goldman Sachs estimates ~66% of all stablecoin supply is held by individuals in emerging markets. Codex is building the infrastructure that turns this demand into usable financial rails for businesses operating globally.
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reminder that the internet also started as a tool for extreme edge cases email was for researchers messaging across universities ecommerce was for buying obscure books no store would stock video calls started as telecom demos, then became a big tool for military briefings
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Stablecoins already handle 5–10% of US-Mexico remittance flows at under 1% in fees. Traditional remittances charge 6.5% on average. Multiply that across $900 billion in annual global remittances.
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money is just a number in a database but if you want to change that number from one currency to another, suddenly you're paying 3% and waiting 3 days why can't you just have a blob of value that transforms to whatever you need it to be? dollars when you need dollars, pesos
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In Africa, Asia, and Latin America, stablecoins are evolving from payment instruments into full financial infrastructure. Payroll, treasury, settlement, and cross-border payments are among the many use cases. Codex is purpose-built for this new financial revolution.
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