Ubyx – A Stable Cryptocurrency Project with a Global Vision
Shockwave Transactions in the Cryptocurrency Market
Ubyx, a rising stablecoin platform, has just completed a $10 million seed funding round. The funding round was led by Galaxy Ventures, with participation from Founders Fund, Coinbase Ventures, Paxos, and VanEck. This project aims to build a clearing system connecting stablecoin issuers, banks, and fintechs to address interoperability issues in payment scenarios. This event demonstrates the popularity and growth potential of a groundbreaking project in the cryptocurrency market.
Global Standard Payment System for Stablecoins
Ubyx aims to create a global stablecoin acceptance network, similar to the systems of Visa and MasterCard. This platform will expand the circulation of stablecoins from various central banks, issuers, and major blockchain platforms like Solana, Base, Canton, and XRP Ledger. Notably, the project has partnered with reputable stablecoin issuers such as Paxos and Ripple to promote the expansion of the network in the near future. The network is expected to officially launch by the end of this year and may integrate other forms of digital assets like CBDCs in the near future.
Potential and Applications for the Cryptocurrency Market
The emergence of Ubyx not only helps improve the liquidity and interoperability of stablecoins but also opens up new opportunities for widespread adoption in the fintech and digital banking sectors. Developing a globally accepted network will promote instant conversion and payments, minimizing risks in transactions. The cryptocurrency market, with the trend of transitioning systems to digital asset forms, will embrace more profit opportunities, thereby strengthening the position of stablecoins in the DeFi ecosystem.
Source: https://tintucbitcoin.com/ubyx-huy-dong-10-trieu-usd-vong-hat-giong/
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