Stablecoin Clearing Startup Ubyx Raises $10M Round Backed by Galaxy, Coinbase, Others

Ubyx, a startup founded by ex-Citigroup executive Tony McLaughlin, has raised $10 million to build a global stablecoin clearing system aiming to facilitate the sector’s adoption.The seed round was led by Galaxy Ventures, with backing from Coinbase Ventures, Founders Fund, Paxos, VanEck, and others, according to a press release.The London-based company is looking to solve a long-standing problem in the stablecoin market: fragmentation. Right now, it says, every issuer has to build its own off-ramp infrastructure, an expensive and inefficient process source: https://www.coindesk.com/markets/2025/06/17/stablecoin-clearing-startup-ubyx-raises-10m-round-backed-by-galaxy-coinbase-others