New York based stablecoin clearing platform raised $10m in Seed funding led by Galaxy Ventures.
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Ubyx raises $10m in Seed funding
"The paradigm of on/off-ramping into/out of the crypto world is a bottleneck for users. Each stablecoin issuer has to build their own distribution network, at great cost. Corporates and banks cannot currently hold stablecoins on their balance sheets as cash equivalents."
