Ubyx, a startup focused on clearing stablecoin transactions, has raised $10 million in seed funding. The round was led by Galaxy Ventures, with participation from Founders Fund, Coinbase Ventures, and others. Founded by former Citigroup executive Tony McLaughlin, the company plans to simplify stablecoin transfers across blockchains. Ubyx is set to launch by the end of 2025, initially supporting Solana and Base networks.
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