Barclays Backs Ubyx as Banks Race to Control Stablecoin Rails

Barclays invested in Ubyx, a U.S.-based clearing firm that connects banks to stablecoins and tokenized deposits. Crypto markets barely moved on the news, but stablecoin volumes already push close to $3 trillion a month, which shows where banks focus their energy. Big institutions now treat blockchain payment rails as plumbing, not a side experiment. This deal lands as banks face pressure from faster, cheaper crypto payments and clearer rules in the U.S. and Europe. That shift explains why traditional fin ...