Banking Giant Barclays Mulls Crypto Payments Push: Bloomberg
Barclays is investigating potential blockchain integration, including tokenized deposits and stablecoins. The bank has requested information from technology suppliers and may select a provider by April. This initiative follows its investment in the stablecoin settlement startup Ubyx and participation in discussions about stablecoin issuance with other major banks. Barclays’ move aligns with a broader trend among leading banks, such as JPMorgan, Citi, Bank of America, and US Bank, exploring digital assets and blockchain technology. Recent examples include JPMorgan’s tokenized deposits and US Bank’s stablecoin testing. Despite this blockchain interest, Barclays shares dropped nearly 4% amid wider market declines, though the stock has gained approximately 54% over the past year.
