Barclays steps into stablecoin infrastructure with Ubyx investment
Ubyx focuses on clearing and reconciling stablecoins issued by different providers. Barclays is prioritising regulated tokenised money rather than issuing its own stablecoin. The stablecoin market continues to be dominated by Tether, with most usage confined to crypto trading. Barclays has taken its first direct step into the stablecoin sector by investing in US-based settlement […]