Barclays Bank Invests in Stablecoin Clearing Platform Ubyx

BlockBeats News, January 7th, Barclays Bank made its first investment in a stablecoin-related company, the U.S. stablecoin clearing platform Ubyx, although the specific size of the investment was not disclosed.

Ryan Hayward, Head of Digital Assets and Strategic Investments at Barclays Bank, said: "As tokens, blockchain, and wallets continue to evolve, specialized technology will play a key role in providing connectivity and infrastructure to help regulated financial institutions achieve seamless interaction. This investment aligns with Barclays Bank's exploration of opportunities based on new digital currencies (such as stablecoins)." (Cointelegraph)