UBYX LIQUIDA STABLECINS 1: 1 with the dollar by banks, without using cryptocurrency networks.
Vaneck bets on UBYX as a basis for a new global financial infrastructure.
The Vaneck investment firm announced its support to UBYX, a platform that connects the stablecoins with the traditional financial system, allowing Stablecoins emitters to interact with banks, Fintech applications and brockers in a neutral compensation network.
This platform Stablecoins liquid at a parity of 1: 1 with the US dollar, through regulated bankswithout depending on cryptocurrency networks, transforming these digital currencies into cash equivalent with bank support.
According to a Vaneck statementUBYX “Solve the challenges of fragmented infrastructure, the risk of counterpart and friction in compliance that limit the massive use of Stablcoins, whose annual billing exceeds 5 billion dollars.”
The platform Create a market for the issuance and redemption of Stablecoinssimplifying integration for financial companies and institutions.
“Ubyx is not a Wallet, nor a stablecoin issuer, nor a bank; it is a compensation layer that establishes the stablecoins backed by Fíat money alongside any financial institution,” the firm explained.
In addition, the company redefines incentives in the ecosystem. For issuers, it replaces income from distribution with transactional commissions for burning. For companies, it facilitates access to multiple stablecoins with a single integration. For banks, it offers a low cost and regulatory compliance to participate in the economy of Stablecoins.
This eliminates liquidity fragmentation and reduces costs in A market currently dominated by bilateral relations between issuers and distributorssays the firm.
On the other hand, Ubyx enables a fiduciary redemption system that aligns the stablecoins with the IAS7 accounting standard, which, which defines cash equivalents for uses in payrolls, remittances and treasury.
Vaneck emphasizes that this capacity positions UBYX as a basis for a new global financial infrastructure, by providing a layer of compliance and neutrality that encourages the emergence of new markets.
As cryptootics has reported, the Stablecoins sector gains relevance. Companies like Walmart and Amazon explore launch their own stablcoins backed by the dollar to modernize payments and reduce the dependence of traditional financial channels.
Similarly, Ant International, the global filial of Ant Group – company affiliated with Alibaba, requested licenses in Hong Kong, Singapore and Luxembourg to operate with Stablecoins, strengthening its network of cross -border payments and treasury services.
