institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Stablecoin Clearing Startup Ubyx Raises $10M in Round Backed by Galaxy and Coinbase

  • Ubyx announced a $10 million seed round on June 17, led by Galaxy Ventures and backed by Coinbase Ventures, Founders Fund, and others.
  • Market fragmentation, with issuers building costly separate networks, prompted Ubyx to develop a unified clearing system to enable interoperability and mass adoption.
  • Ubyx's system will support redemption through regulated banks and fintechs with AML and KYC checks, involving issuers like Paxos, Ripple, and Agora.
  • Ubyx plans to launch live operations in Q4 2025, with partnerships and decentralization strategies in development, aiming to address market fragmentation.
  • Ubyx's $10 million seed funding aims to unify fragmented stablecoin networks, potentially enabling stablecoins to be treated as cash equivalents and transforming industry adoption.
Insights by Ground AI
Does this summary seem wrong?

20 Articles

All
Left
1
Center
4
Right
1
The Globe & MailThe Globe & Mail
+5 Reposted by 5 other sources
Center

Ubyx, The Stablecoin Clearing System Enabling Bank & Fintech Off-Ramps, Announces $10M Seed Led by Galaxy Ventures

Newswire.ca Press Release.

·Canada
Read Full Article

Ubyx gets $10M to revolutionize the use of stablecoins! In a movement that promises to transform the cryptocurrency landscape, Ubyx has secured a $10 million investment in order to standardize the redemption of stablecoins and promote their global adoption. Backed by Galaxy Ventures, funding highlights the growing importance of stablecoins in the current financial market. Ubyx receives $10M to improve the redemption of stablecoins The Ubyx platf…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

PR Newswire broke the news in United States on Tuesday, June 17, 2025.
Sources are mostly out of (0)