Overview
- Barclays confirmed it bought a stake in Ubyx as its first stablecoin-related investment and did not disclose the size or valuation.
- Ubyx, launched in 2025, operates a clearing system that reconciles stablecoins issued by different firms.
- Its U.S. regulatory classification remains unclear, with money‑transmitter status under FinCEN unverified.
- Barclays is part of a group of about 10 banks, including Goldman Sachs and UBS, studying a G7‑pegged stablecoin.
- Venture arms of Coinbase and Galaxy Digital previously invested in Ubyx, and Barclays shares edged slightly higher after the announcement.