Barclays ( BCS ) acquired a stake in Ubyx—a U.S.-based stablecoin settlement company founded in 2025—marking the British bank's first investment in the stablecoin field, Reuters reported. The move marks the bank's ( BCS ) first steps in what it calls “new forms of digital money”. The investment amount and Ubyx valuation remain undisclosed. “This investment aligns with Barclays’ approach to explore opportunities based on new forms of digital money, such as stablecoins," a bank spokesperson said . Ubyx operates as a clearinghouse for stablecoins, which are cryptocurrencies pegged 1:1 to fiat currencies, enabling reconciliation and settlement across issuers from different providers. The venture capital arms of U.S. crypto companies Coinbase and Galaxy Digital have also previously invested in Ubyx. In October 2025, Barclays ( BCS ) joined nine other banks, including Goldman Sachs ( GS ) and UBS ( UBS ), to explore a G7-pegged stablecoin. More on Barclays Barclays: ROTE Target Should Be Raised To ~15% Barclays: TNAV Growth Points To Further Gains Barclays PLC (BCS) Q3 2025 Earnings Call Transcript Barclays explores bid for British wealth manager Evelyn - report Samsung, Barclays said in advanced talks to launch U.S. credit card
