TechFlow News, January 7th: According to Reuters, Barclays Bank has acquired equity in the U.S. stablecoin settlement company Ubyx, entering the stablecoin sector.
Founded in 2025, Ubyx provides a settlement system for stablecoins (cryptocurrencies pegged to traditional currencies). Barclays stated that this investment is part of its strategy to explore digital currency options but did not disclose the investment size or specific terms. Previously, Barclays had collaborated with banks such as Goldman Sachs and UBS to study the possibility of issuing stablecoins pegged to G7 currencies.
A Barclays spokesperson said: "This investment aligns with Barclays' strategy to explore opportunities in new digital currencies based on stablecoins." The bank did not reveal the investment size or valuation. It is reported that the venture capital arms of U.S. cryptocurrency companies Coinbase and Galaxy Digital had previously invested in Ubyx.
