According to Reuters, UK-based Barclays Bank has taken a stake in Ubyx, a U.S.-headquartered stablecoin settlement company. This marks Barclays’ first investment in a stablecoin-related enterprise and is part of its strategy to explore 'new forms of digital currency'. Founded in 2025, Ubyx operates as a stablecoin clearing system, designed to reconcile and settle stablecoins issued by different providers. Barclays stated that the two parties will work to advance tokenised money within a regulatory framework. Prior to this, Barclays had discussed the joint issuance of stablecoins pegged to G7 currencies with several banks, including Goldman Sachs and UBS. The venture capital arms of Coinbase and Galaxy Digital have also invested in Ubyx.