Barclays Launches Stablecoin with Ubyx Partnership

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Barclays Makes Debut Stablecoin Play, Partnering with Ubyx

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 07, 2026

Key Takeaways

Barclays takes its first step into stablecoin settlement tech with an equity stake in Ubyx, a US stablecoin infrastructure startup;
Ubyx’s clearing network lets banks and issuers redeem stablecoins at full value, which aims to standardize fragmented settlements;
Backed by Coinbase and Galaxy Ventures, Ubyx raised $10 million in 2025 and launched operations in late 2025.

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Barclays Makes Debut Stablecoin Play, Partnering with Ubyx

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Barclays announced on January 7 an equity stake in Ubyx, a United States-based startup specializing in stablecoin infrastructure.

This deal marks the bank's first participation in settlement technology for stablecoins, which are digital assets pegged to a traditional currency at a 1:1 ratio.

Ubyx, established in 2025, offers a platform for clearing stablecoins and connects regulated entities and token issuers for settlement and redemption.

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Ubyx previously secured backing from Coinbase $1.94B Ventures and Galaxy Ventures, while Barclays steps into stablecoin-related clearing for the first time.

Barclays joined a consortium alongside institutions such as Goldman Sachs and UBS in October 2025. The group is exploring a stablecoin product tied to G7 currencies.

The Ubyx clearing network enables banks and other authorized firms to convert and redeem supported stablecoins at their full underlying value. The platform is designed to improve settlement uniformity, which helps resolve fragmentation that sometimes arises between token issuers and recipients.

Ubyx raised $10 million in seed funding in mid-2025, led by Galaxy Ventures and supported by Coinbase Ventures. The operational launch was set for the final quarter of 2025.

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