Hedera Among Blockchains Supported By New Stablecoin Clearing Platform

Ubyx, a new stablecoin clearing platform supporting Hedera and multiple other chains, has raised $10 million in seed funding led by Galaxy Ventures.

The platform aims to standardize stablecoin redemption at face value, enabling regulated banks and fintechs to redeem stablecoins directly for fiat.

Ubyx plans to launch in Q4 2025 with backing from major investors like Coinbase Ventures, Paxos, and Ripple, and partnerships with key infrastructure providers to integrate stablecoins more closely with tradfi.

Source: The Block