stablecoin startup Ubyx completes a $10 million seed round of financing
Internet reports that Ubyx, a stablecoin startup founded by former Citigroup executive Tony McLaughlin, completed a US$10 million seed round of financing, led by Galaxy Ventures and participated by Founders Fund, Coinbase Ventures, Paxos and VanEck. The company is committed to building a clearing system that connects stablecoin issuers with banks and financial technology companies to address interoperability issues in payment scenarios.
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