Ubyx has gained support from heavyweight investors.
The startup Ubyx announced the completion of a $10 million seed round financing, planning to launch a standardized clearing platform that supports the exchange of stablecoins at par value for fiat currency in the fourth quarter of 2025. This round of financing was led by Galaxy Ventures, with participation from notable investment institutions such as Coinbase Ventures, Founders Fund, VanEck, and Paxos.
(Source: ubyx_)
The funds will be used to establish a cross-institutional stablecoin clearing network, aimed at reducing friction in the use of stablecoins and promoting widespread adoption.
Ubyx will establish an intercommunication system.
Currently, the circulation model of stablecoins is highly fragmented, with different issuers maintaining their own networks, resulting in increased costs and insufficient interoperability. Ubyx points out that this structure limits the mainstream adoption of stablecoins, especially in scenarios that require integration with traditional financial institutions.
The solution proposed by Ubyx is to connect multiple stablecoin issuers with receiving institutions on the same platform, and through standardized processes achieve 1:1 exchanges, which helps in the classification of stablecoins as “cash equivalents” in accounting.
Stablecoins will enter the mainstream system.
Ubyx indicates that its platform will enable banks and compliant fintech companies to directly exchange stablecoins for equivalent fiat currency without the need for intermediaries, simplifying operations and enhancing transparency. Ubyx also plans to support multi-chain stablecoin settlement and collaborate with players like Ripple and Paxos.
The platform will initially support multiple public chains, including Aptos, Arbitrum, Avalanche, Base, Concordium, Polygon, Solana, Stellar, Sui, XDC, XRPL, ZKsync, etc., showcasing its cross-chain capabilities and scalability. Ubyx has also established partnerships with infrastructure companies such as BitGo, Copper, Chainalysis, and Fireblocks to ensure the security and compliance of the clearing processes.
Trends Driven by Massive Trading Data
According to statistics from a16z Crypto data scientist Daren Matsuoka, the total transaction volume of stablecoins in the past 12 months is 19.4 times that of PayPal, showing that this asset class has become an important part of global finance. Ubyx CEO Tony McLaughlin stated that the mission of the platform is to connect multiple stablecoin issuers with the financial system, ultimately establishing an interconnected clearing framework to support the evolution of global payment and settlement systems.
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Summary
The emergence of Ubyx may become a key factor for stablecoins to enter the mainstream financial system. Through standardized exchange methods and strong technological integration capabilities, the platform is expected not only to promote broader institutional adoption but also to potentially bring about a revolutionary upgrade to the payment systems in the global cryptocurrency market.
