Ubyx has raised 10 million USD to develop a global clearing system for stablecoins, addressing market fragmentation by enabling efficient redemptions.
The startup has partnered with notable issuers such as Ripple, Paxos, and Transfero, aiming to enhance compliance and security through regulated institutions.
Ubyx’s system will support various blockchains, including XRP Ledger, and comply with AML and KYC regulations, readying it to play a significant role in stablecoin adoption.
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