7 VCs and 4 funds investing in Stablecoins
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.
Senior Investment Principal, Hivemind Capital Partners
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.
Co-Founder & Managing Partner
Multicoin Capital
Open finance and tokenization. Strong views on stablecoins, DePIN, and crypto in emerging markets.
Partner
Castle Island Ventures
Bitcoin infrastructure, stablecoins, and crypto data analytics. Known for Bitcoin advocacy and UTXO research.
Head of Ventures
Circle Ventures
Leads Circle Ventures, investing in the USDC ecosystem and projects that advance digital dollar adoption worldwide.
Founder of Terra (Convicted)
Formerly the creator of Terra/Luna, focused on algorithmic stablecoins and DeFi infrastructure. Currently facing legal proceedings related to Terra's collapse.
Co-Founder
Castle Island Ventures
Bitcoin infrastructure, stablecoins, and pragmatic crypto investing.