Barclays Invests in US Stablecoin Startup Ubyx

Barclays has made a strategic investment in Ubyx, a US-based stablecoin startup, as part of its efforts to expand its presence in the cryptocurrency market. Ubyx aims to create a regulated stablecoin that can facilitate seamless transactions and enhance financial services. The investment aligns with Barclays' broader strategy to explore digital assets and blockchain technology. Ubyx plans to leverage the funding to further develop its platform and expand its offerings. This partnership highlights the increasing interest from traditional financial institutions in the cryptocurrency space.

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