Ubyx, a pioneering stablecoin clearing system designed to enable regulated banks and fintechs to redeem stablecoins at face value, has announced a significant milestone with a $10 million seed funding round led by Galaxy Ventures. This funding, revealed on June 17, 2025, marks a pivotal step toward achieving global stablecoin acceptance and addressing key barriers in the crypto market.
The round saw participation from prominent investors such as Coinbase Ventures, Founders Fund, and VanEck, alongside other notable names like Mirana Ventures, LayerZero, and Paxos. This strong backing underscores the industry’s confidence in Ubyx’s mission to standardize stablecoin redemption and facilitate seamless on/off-ramping between traditional finance and the crypto ecosystem.
Founded by a 30-year payments veteran, Ubyx aims to build a global stablecoin acceptance network that tackles the fragmentation issues currently plaguing the stablecoin market. By partnering with major stablecoin issuers including Paxos, Ripple, and Monerium, the platform is positioned to drive mass adoption by ensuring interoperability and accessibility for users worldwide.
The stablecoin sector, while growing rapidly, faces significant challenges in achieving ubiquity due to inconsistent redemption processes and limited integration with traditional financial systems. Ubyx’s innovative clearing system seeks to bridge this gap, offering a reliable solution for banks and fintechs to engage with stablecoins without the usual bottlenecks.
With this $10M investment, Ubyx plans to expand its network, enhance its technology, and further collaborate with regulators and financial institutions to ensure compliance and trust. The company’s vision is to make stablecoins a mainstream payment option, fostering greater financial inclusion and efficiency on a global scale.
As the stablecoin market continues to evolve, Ubyx’s efforts come at a critical time, aligning with legislative developments like the U.S. Senate’s advancement of the GENIUS Act to support stablecoin infrastructure. This funding positions Ubyx as a key player in shaping the future of digital currencies and their integration into everyday finance.
Alfred Lee
