Barclays Explores Blockchain Payment Platform, May Include Stablecoin and Tokenized Deposits

BlockBeats News, February 27th, British banking giant Barclays is researching and developing a blockchain-based payment platform and assessing the feasibility of incorporating stablecoins and tokenized deposits into the system.

Reportedly, Barclays has been in contact with multiple technology providers and may finalize partnerships as early as April. The plan is seen as a further move by traditional banks to enhance cross-border payment and settlement efficiency, while also reflecting mainstream financial institutions' continued interest in on-chain payment infrastructure.