Ubyx is a global clearing and settlement platform designed to make stablecoins function like universal digital cash. It enables banks, fintechs, issuers, and merchants to accept, deposit, and redeem stablecoins at face value across multiple currencies and blockchains through existing financial infrastructures. The protocol uses a shared rulebook and pre-funded settlement accounts to ensure par-value redemption, aligns accounting treatment to cash equivalents (IAS7), and facilitates peer-to-peer payments without intermediaries.