ETH: Barclays steps into stablecoin infrastructure 💳

Ubyx focuses on clearing and reconciling stablecoins issued by different providers 🚀

Barclays is prioritising regulated tokenised money over issuing its own stablecoin, investing in US-based settlement firm Ubyx to navigate this space. ⏰

The move reflects renewed interest from banks in crypto-linked systems amid political signals for the sector. 🌟

Investing in infrastructure means Barclays supports wider adoption if stablecoins move beyond their current niche use. 🔄

Barclays now has a stake, but no details on size or valuation. Other backers include Coinbase and Galaxy Digital. 💸💼

What do you think? Is this investment set to reshape how we handle digital money? 👇

#ETH #ERC8004