what's Ubyx?

Ubyx is a regulated clearing network for stablecoins, designed to enable seamless interoperability across multiple issuers, blockchains, and currencies. It connects stablecoin issuers with banks and fintechs through a rules-based system, allowing users to deposit stablecoins from various sources into hosted wallets and redeem them at face value directly into fiat accounts. This addresses fragmentation in the stablecoin ecosystem by creating a shared acceptance network similar to traditional payment rails like Visa or Mastercard. The platform supports numerous blockchains including Polygon, Solana, Arbitrum, and others, with operational standards outlined in its Rulebook covering compliance, settlement, and multi-currency handling. Participants mutualize infrastructure costs and risks, facilitating broader adoption of stablecoins in traditional finance without custom off-ramps for each issuer.

ubyx received an equity investment from Barclays, marking their first crypto space investment.