Ubyx, a stablecoin infrastructure startup founded by ex-Citigroup executive Tony McLaughlin, raised $10 million in seed funding led by Galaxy Ventures, with backing from Peter Thiel’s Founders Fund, Coinbase Ventures, and others. The firm aims to launch a global clearing and acceptance network for stablecoins—similar to Visa or Mastercard—connecting issuers, banks, and fintechs across multiple blockchains to address fragmentation and enable seamless stablecoin payments. By enforcing a unified compliance framework and supporting tokenized deposits and CBDCs, Ubyx positions itself as the critical infrastructure for scaling stablecoin adoption in regulated financial ecosystems.
Founders Fund Invests in Ubyx
