Ubyx, The Stablecoin Clearing System Enabling Bank & Fintech Off-Ramps, Announces $10M Seed Led by Galaxy Ventures
Ubyx, the stablecoin clearing system that enables regulated banks and fintechs to redeem stablecoins at face value, today announced its $10M seed round led by Galaxy Ventures with participation from Coinbase Ventures, Founders Fund, VanEck, Mirana Ventures, LayerZero, Paxos, Boku, Payoneer, and Monerium. Ubyx is designed to deliver stablecoin ubiquity, meaning global acceptance of many stablecoins. Participating issuers include: Paxos, Ripple, Agora, Transfero, Monerium, GMO Trust, BiLira, Juno (a Bitso