According to Reuters, UK bank Barclays has taken a stake in Ubyx, a US stablecoin settlement company. This is Barclays' first investment in a stablecoin-related enterprise and is part of its exploration of a "new form of digital currency" strategy. Ubyx was established in 2025 and is positioned as a stablecoin clearing system, aiming to reconcile and settle stablecoins issued by different entities. Barclays stated that both parties will work together to promote tokenized money within a regulatory framework. Previously, Barclays had discussed joint issuance of G7 currency-pegged stablecoins with several banks, including Goldman Sachs and UBS. The venture capital departments of Coinbase and Galaxy Digital have also invested in Ubyx.

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