Stablecoin Startup Ubyx Raises $10 Million in Seed Funding
Ubyx, a stablecoin startup founded by former Citigroup executive Tony McLaughlin, has completed a $10 million seed funding round led by Galaxy Ventures, with participation from Founders Fund, Paxos, VanEck, and other institutions. The company is dedicated to building a clearing system that connects stablecoin issuers with banks and fintech companies, aiming to address interoperability issues in payment scenarios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet

GAIN official: Investigating issues related to abnormal token over-issuance
Data: 10 addresses received a total of 210,000 ETH within 6 hours, worth approximately $863 millions.
