Barclays Bank Invests in Stablecoin Settlement Platform Ubyx

Odaily News Barclays Bank has made its first investment in a stablecoin-related company, the US-based stablecoin settlement platform Ubyx, although the specific size of this investment was not disclosed. Ryan Hayward, Head of Digital Assets and Strategic Investments at Barclays, stated: "As the fields of tokens, blockchain, and wallets continue to evolve, specialized technology will play a key role in providing connectivity and infrastructure, enabling regulated financial institutions to interact seamlessly. This investment aligns with Barclays' approach to exploring opportunities based on new forms of digital currency, such as stablecoins." (Cointelegraph)