In a significant move for the stablecoin ecosystem, financial infrastructure startup Ubyx has completed a $10 million seed funding round led by Galaxy Ventures. The investment will support the company's mission to create standardized redemption protocols for stablecoins at face value, with platform launch scheduled for Q4 2025.

Investor Confidence in Stablecoin Infrastructure

The funding round attracted participation from major industry players including Coinbase Ventures, Founders Fund, VanEck, and stablecoin issuer Paxos. This collective backing signals strong institutional belief in Ubyx's approach to solving one of cryptocurrency's persistent challenges — the fragmented redemption process for stable assets.

——"Stablecoins need shared acceptance networks to achieve true ubiquity, just like payment cards did decades ago,"—— remarked Mike Giampapa of Galaxy Ventures, highlighting the project's potential to transform digital asset liquidity.

Bridging Traditional and Crypto Finance

Ubyx's clearing platform aims to seamlessly connect regulated financial institutions with stablecoin markets through three core innovations:

• 【Par value redemption】 enabling 1:1 conversions between stablecoins and fiat
• 【Multi-chain support】 covering 15 major blockchain networks at launch
• 【Accounting compliance】 facilitating cash-equivalent treatment on balance sheets

The service has already secured partnerships with infrastructure providers including BitGo, Chainalysis, and Fireblocks, while stablecoin issuer Paxos and blockchain firm Ripple appear as early collaborators.

Addressing Market Fragmentation

Current stablecoin ecosystems operate as isolated networks, creating inefficiencies that Ubyx's CEO Tony McLaughlin describes as "the web before TCP/IP." The platform's clearing mechanism proposes to:

• Reduce operational costs by 【40-60%】 through standardized processes
• Enable interoperability across different issuer networks
• Provide institutions with unified liquidity access points

Interestingly, this development comes as stablecoins process transaction volumes 【19.4 times】 greater than PayPal's over the past year, according to a16z Crypto data scientist Daren Matsuoka.

Regulatory and Technical Roadmap

With initial support for networks including Solana, Polygon, and Arbitrum, Ubyx plans phased onboarding of additional blockchains post-launch. The company emphasizes its compliance-first approach, working closely with banking partners to meet evolving regulatory requirements across jurisdictions.

As of press time, the stablecoin market capitalization stands at 【$162 billion】, with daily transaction volumes regularly surpassing 【$50 billion】 — figures that underscore the pressing need for robust infrastructure solutions.

Remarkably, while crypto-native companies traditionally positioned themselves against traditional finance, Ubyx represents a growing trend of projects seeking to integrate rather than disrupt existing financial systems.