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Ubyx
Ubyx is a clearing system that enables the deposit of stablecoins from various issuers and currencies into existing bank and fintech accounts at full value. It aims to transform stablecoins into digital cash equivalents, facilitating seamless redemption through regulated financial channels while maintaining decentralization and peer-to-peer payments across multiple blockchains.
Distributed
Description
Ubyx is a clearing system that allows anyone, anywhere to deposit stablecoins from many issuers and multiple currencies into existing bank and fintech accounts and receive full value. Ubyx transforms stablecoins from crypto assets into digital cash equivalents, ensuring seamless redemption through regulated financial channels while preserving decentralization and peer-to-peer payments on many blockchains without intermediaries. For the first time, stablecoins meet the test for singleness of money. Ubyx is for banks and fintechs, stablecoin issuers, businesses & users, the crypto community, and regulators & central banks. By solving the many-to-many network problem, achieving cash equivalence and aligning economic incentives, Ubyx aims to make stablecoins ubiquitous, general-purpose methods of digital payment.Grant Funding
VC Funding
None
2025
$0
$10M