Barclays backs Ubyx, US stablecoin startup
Barclays Invests in US Stablecoin Startup Ubyx
Barclays has bought a stake in U.S. stablecoin-settlement company Ubyx, marking the British bank’s first investment in a stablecoin-related business, Barclays said on Wednesday.
The bank described the move as part of its broader plans to explore “new forms of digital money”. Barclays announced the stake purchase in Ubyx on Wednesday, highlighting it as a first step into the stablecoin sector through direct investment.
Stablecoins are cryptocurrencies designed to maintain a steady value, typically by being linked to traditional currencies such as the U.S. dollar. Settlement-focused firms like Ubyx aim to support the infrastructure that helps move and reconcile stablecoin-based payments between participants.
The investment is notable because it signals a major bank taking an ownership position in stablecoin plumbing rather than limiting its involvement to internal experiments. It also reflects growing interest among established financial institutions in how digital money rails could be used for payments and settlement alongside existing systems.
