Barclays
Barclays has made its first investment in digital currency infrastructure by backing Ubyx, a US-based startup focused on simplifying stablecoin transactions. The move emphasizes regulated interoperability over issuing its own stablecoins. Ubyx aims to unify the fragmented digital money landscape through a many-to-many clearing system.
Reported by AI
British bank Barclays has warned in a report that China Vanke's offshore bondholders could recover less than 1 per cent of their principal in a worst-case scenario, due to uncertainties in restructuring priorities and asset access. In a base case, recoveries might stand at just 10.1 per cent, about half of what distressed market prices imply.