Ubyx: Building a Standardized Clearing Platform for Stablecoin to Fiat Exchange

9/17/2025, 8:26:32 AM

Ubyx recently completed a $10 million seed round financing and plans to launch a standardized clearing platform in Q4 2025 that supports stablecoin to fiat conversions at face value. The platform aims to address the fragmentation issue in the stablecoin market, facilitate seamless integration between stablecoins and traditional finance, and accelerate their widespread adoption.

Challenges in the stablecoin market

Currently, the circulation of stablecoins is highly fragmented, with each issuer building its own distribution network, leading to increased costs and compliance risks. Financial institutions find it difficult to treat stablecoins as cash equivalents on their balance sheets, which limits their mainstream acceptance.

Ubyx's solution

Ubyx builds a standardized clearing network across institutions, connecting multiple stablecoin issuers and regulatory banks to achieve a 1:1 par value exchange between stablecoins and fiat, simplifying the process and reducing friction. The platform supports multiple mainstream public chains, such as Solana, Polygon, XRP Ledger, etc.

Strong cooperation and financing background

This round of $10 million in seed funding is led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, and Paxos. Partners include Ripple, Paxos, BitGo, Chainalysis, among others, taking a multi-faceted approach to ensure security and compliance.

Future Outlook

Ubyx is set to officially launch by the end of 2025, gradually expanding to support more fiat and digital asset forms, and promoting decentralized governance to help stablecoins become the mainstream foundation for digital payments and settlements.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.

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