Stablecoin Startup Ubyx Raises $10 Million in Seed Funding
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Ubyx, a stablecoin startup founded by former Citigroup executive Tony McLaughlin, has completed a $10 million seed funding round led by Galaxy Ventures, with participation from Founders Fund, Paxos, VanEck, and other institutions. The company is dedicated to building a clearing system that connects stablecoin issuers with banks and fintech companies, aiming to address interoperability issues in payment scenarios.
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