Galaxy & Coinbase Bet Big: Stablecoin Clearinghouse Ubyx Secures $10M Funding

Move over, legacy settlement systems—Ubyx just got the crypto industry''s golden stamp of approval. The stablecoin clearing startup landed a $10M war chest backed by heavyweights Galaxy, Coinbase, and other undisclosed ''smart money'' players (because what''s a crypto round without some mystery bags?).

Why it matters: This isn''t just another DeFi pipe dream. Ubyx is tackling the trillion-dollar problem of cross-border stablecoin settlements—the kind of boring-but-critical infrastructure that actually makes crypto useful for, you know, commerce.

The cynical take: Let''s see if they can actually clear transactions faster than traditional finance can file lawsuits against them. Jokes aside, when institutions start funding settlement layers, it''s a clear signal: stablecoins aren''t just surviving—they''re becoming the plumbing of global finance.