Stablecoins

7 VCs and 325 funds investing in Stablecoins

VCs investing in Stablecoins

Matt Shakhovskoy

Director, Ventures

Mercy Corps Ventures (Web3)

Investing in blockchain and digital finance for emerging markets development at Mercy Corps Ventures. Focused on crypto solutions for financial inclusion and humanitarian applications.

Pre-seedSeedSeries A

Kayla Phillips

Senior Investment Principal, Hivemind Capital Partners

80%

Hivemind Capital

Check: Hivemind invests across pre-seed through Series B; typical venture checks $500K-$5M with capacity to lead

Phillips's overarching thesis is bridging the on-chain and off-chain worlds, primarily through market infrastructure — the 'unsexy backbone' of stablecoins, settlement rails, custody, tokenization, and institutional plumbing that lets traditional capital flow into and through crypto. She is bullish on regulated stablecoins paired with cross-border payments, on Bitcoin-native DeFi unlocking yield for BTC holders, and on AI agents becoming first-class economic actors on-chain (including as buyers of NFTs and other digital assets). Within Hivemind's '9 themes for 2025' framework, her work spans stablecoins, derivatives infrastructure, app-chain L1/L2 dynamics, and the broader institutionalization of crypto. Her framing is institutional and risk-aware — Hivemind explicitly pairs crypto-native expertise with institutional-grade risk management.

Pre-SeedSeedSeries A

Tushar Jain

Co-Founder & Managing Partner

70%

Multicoin Capital

Open finance and tokenization. Strong views on stablecoins, DePIN, and crypto in emerging markets.

SeedSeries AToken

Do Kwon

Founder of Terra (Convicted)

65%

Formerly the creator of Terra/Luna, focused on algorithmic stablecoins and DeFi infrastructure. Currently facing legal proceedings related to Terra's collapse.

Token

Nic Carter

Partner

65%

Castle Island Ventures

Bitcoin infrastructure, stablecoins, and crypto data analytics. Known for Bitcoin advocacy and UTXO research.

SeedSeries A

Wyatt Lonergan

Head of Ventures

65%

Circle Ventures

Leads Circle Ventures, investing in the USDC ecosystem and projects that advance digital dollar adoption worldwide.

SeedSeries A

Matt Walsh

Co-Founder

55%

Castle Island Ventures

Bitcoin infrastructure, stablecoins, and pragmatic crypto investing.

SeedSeries A

Funds focused on Stablecoins

Blockchain Capital

San Francisco

AUM: $2.5B

32 people122 investments

2 people3 investments

17Sigma

Buenos Aires

AUM: $30M

Stablecoins

VCs investing in Stablecoins

Matt Shakhovskoy

Kayla Phillips

Tushar Jain

Do Kwon

Nic Carter

Wyatt Lonergan

Matt Walsh

Funds focused on Stablecoins

Blockchain Capital

Circle Ventures

Robot Ventures

Castle Island Ventures

17Sigma

468 Capital

8VC

ABN AMRO Ventures

Accion Venture Lab

Acrew Capital

AlbionVC

Apis Partners

Brand New Retail Initiative Fund

Crowberry Capital

Digital Horizon

Galaxy Ventures

Gilgamesh Ventures

GnosisVC

Granite Asia

Helios Investment Partners

Launch Africa Ventures

Life Design Fund

Life.SREDA VC

LoftyInc Capital

Marina Bay Labs

Metcalfe Capital

Mouro Capital

Plan B Fund

Re7 Capital

The Venture Dept.

Vision Plus Capital

i-nest capital

Abstract Ventures

Anthemis Group

Arche Capital

BlackWood

CommerzVentures

FirstCheck Africa

Flashpoint Capital

Flybridge

ICONIQ Capital

Lisk EMpower Fund

MEXC Ventures

MNCi

MiniPay Fund

Oak HC/FT

Pierpaolo Barbieri

RTP Global

Rabo Corporate Venturing

SUMISEI INNOVATION FUND

Sky9 Capital

Stronghold Capital

01VC

13o3 Crypto Fund I

AX Ventures

Accolade Partners

Activant Capital

Al Mada Ventures

Anna Yuan

Audacity Fund

BECO Capital

Better Tomorrow Ventures

Bitcoin Frontier Fund

Blossom Capital

Blue Pool Capital

Breyer Capital

Brilliance 3.0

COTU Ventures

Canal Ventures

Clocktower Ventures