Ubyx is a clearing system that aims to help anyone deposit stablecoins from many issuers and multiple currencies into existing bank and fintech accounts and receive full value. The platform is described as transforming stablecoins from crypto assets into digital cash equivalents by supporting redemption through regulated financial channels while maintaining decentralization and peer-to-peer transactions on multiple blockchains. Ubyx says this approach addresses the “many-to-many network problem” and supports what it calls the “Stablecoin Epoch.” In June 2025, Ubyx raised $10M in seed funding led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, Paxos, and others.
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