British Bank Barclays Invests in Stablecoin Settlement Firm Ubyx, Marking Its First Stablecoin-Related Investment

Odaily News: British bank Barclays has announced an investment in stablecoin settlement company Ubyx, marking its first investment in a stablecoin-related enterprise and part of its plan to explore "new forms of digital currency."

The report notes that Ubyx, founded in 2025, is positioned as a stablecoin clearing system designed to coordinate settlements between stablecoins issued by different entities and pegged 1:1 to fiat currencies. Barclays stated in a declaration that it will collaborate with Ubyx to advance the development of tokenized currencies within the regulatory framework.

Reuters points out that over the past year, several banks and financial institutions have successively announced their stablecoin-related strategies. Previously, Barclays, along with banks including Goldman Sachs and UBS, indicated they were studying the possibility of jointly issuing stablecoins pegged to G7 currencies. Barclays did not disclose the specific investment amount or valuation for this deal but confirmed it is its first investment in the stablecoin sector. According to PitchBook data, U.S. crypto companies Coinbase and Galaxy Digital's venture capital arms have also previously invested in Ubyx. (Reuters)