Barclays Eyes Blockchain to Modernize Payments and Deposits

• Barclays explores blockchain to enable stablecoins, tokenized deposits, and payments.
• Global banks accelerate digital asset adoption to compete with fintech and Meta.
• PayPal and MoonPay launch PYUSDx to power custom stablecoins using PYUSD liquidity

Barclays is weighing a deeper move into blockchain as global banks race to modernize payments. The $2 trillion lender has begun reviewing technology partners to build a new platform that could support stablecoins and tokenized deposits. 

The effort signals a broader shift across traditional finance as digital assets gain traction in mainstream banking. Consequently, competition between banks and fintech firms continues to intensify.

Barclays Explores Blockchain for Core Banking Services

Barclays Plc has sent requests for information to select technology providers. The bank wants to design infrastructure that can h…

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