Stablecoin platform Ubyx.xyz aims to standardize redemption and expand adoption across traditional finance

Ubyx.xyz – Namecheap customer – (United Kingdom)

Blockchain infrastructure innovators use .xyz domains to develop next-generation financial and data solutions. Layer-2 blockchain Atlas.xyz aims to deliver low-cost, reliable solutions for verifiable finance. Decentralized storage platform Walrus.xyz offers scalable data recovery and verification tools. Crypto startup GTE.xyz builds decentralized exchange infrastructure on MegaETH for onchain trading. In this week’s #BlockchainThursday, we’ll introduce you to a stablecoin clearing platform designed to connect issuers and financial institutions for par-value redemption: Ubyx.xyz.

Introducing Ubyx.xyz and its stablecoin clearing platform

Ubyx.xyz is the online home of Ubyx, a clearing system that aims to help anyone deposit stablecoins from many issuers and multiple currencies into existing bank and fintech accounts and receive full value. The platform is described as transforming stablecoins from crypto assets into digital cash equivalents by supporting redemption through regulated financial channels while maintaining decentralization and peer-to-peer transactions on multiple blockchains. Ubyx says this approach addresses the “many-to-many network problem” and supports what it calls the “Stablecoin Epoch.” In June 2025, Ubyx raised $10M in seed funding led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, Paxos, and others.¹

Connecting issuers and institutions through a unified network

According to Ubyx’s website and whitepaper, the platform is designed to connect stablecoin issuers and receiving institutions through a rules-based clearing system that supports multi-issuer, multi-blockchain, and multi-currency participation. People and businesses can receive stablecoins from many issuers into hosted wallets provided by their existing financial institution, which offers redemption at face value. This process is achieved by enabling the collection of the full amount from multiple issuers and currencies within a mutualized acceptance network. All participants agree to the Ubyx Rulebook, which outlines operational standards, compliance requirements, and settlement processes. At launch, Ubyx intends to support blockchains including Aptos, Arbitrum, Avalanche, Base, Canton, Concordium, Hedera, Polygon, Solana, Starknet, Stellar, Sui, XDC, XRPL, and ZKsync, and lists partnerships with stablecoin issuer Paxos, blockchain company Ripple, and infrastructure providers such as BitGo, Copper, Chainalysis, and Fireblocks.

Leadership background: CEO Tony McLaughlin

Ubyx is founded by CEO Tony McLaughlin. Per his LinkedIn profile, Tony founded Ubyx in March 2025 after more than 20 years at Citi. His roles at Citi included Emerging Payments and Business Development (2016–2025), Cash Management Head Asia Pacific (2013–2016), and Global Transactions Services Head UK (2004–2013). He also worked as a Senior Solutions Integrator at ABN AMRO Bank from 2001 to 2004.

Ubyx.xyz: A flexible domain for a multi-industry blockchain platform

By using Ubyx.xyz, the company has chosen a short, memorable domain extension that is widely adopted across blockchain and fintech projects. .XYZ aligns with the company’s aim to develop a cross-network platform for stablecoins, making it a fitting choice for a venture focused on connecting diverse participants in the digital payments ecosystem. As a generic domain extension with no predefined meaning, .xyz offers flexibility for organizations working across industries and technologies. You can learn more by following the company on LinkedIn and X/Twitter @ubyx_, and by visiting Ubyx.xyz.

^{1.https://cointelegraph.com/news/ubyx-raises-10m-to-standardize-stablecoin-redemption-and-drive-mass-adoption}

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