Barclays has bought a stake in U.S. stablecoin-settlement company Ubyx, its first such investment and part of its plans to explore "new forms of digital money".

Barclays has made its inaugural investment in the digital currency sector by acquiring a stake in Ubyx, a U.S.-based firm specializing in stablecoin settlement infrastructure. This strategic move underscores the bank's commitment to exploring innovative digital money solutions and integrating blockchain technology into traditional finance. The partnership aims to enhance payment efficiency and position Barclays at the forefront of the evolving digital asset ecosystem.

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