Odaily Planet Daily reports that Barclays has sent inquiries to some potential technology vendors to evaluate how to build a blockchain platform for banking services such as payments. Its application areas may include stablecoins and tokenized deposits, with the goal of selecting vendors as early as April.
The use of stablecoins in payments is expanding. Bloomberg Intelligence estimates that by 2030, the annual transaction volume of stablecoin payments could exceed $50 trillion. Previously, Meta was also testing integrating stablecoin payments into its applications. Several banks are already developing blockchain systems; JPMorgan has launched its deposit token, JPM Coin, for institutional clients to use for payments. HSBC plans to expand its tokenized deposit services to corporate clients in the US and UAE in the first half of this year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Vitalik: In the application layer and the external interfaces of Ethereum, we should be brave enough to thoroughly reconstruct various concepts.
Vitalik Buterin stated on Farcaster that Ethereum needs a more open and bold mindset, especially at the application layer, emphasizing that core features should be non-negotiable. He highlighted the importance of rethinking concepts and technical directions, suggesting that applications should be redesigned from new perspectives to drive Ethereum's development and growth.
GateNews1h ago
The Canadian government and TD Bank successfully piloted a C$100 million bond issuance using Hyperledger Fabric technology.
The Bank of Canada completed a tokenization pilot project called "Project Samara," successfully issuing 100 million CAD government bonds using Hyperledger Fabric technology. While blockchain improved operational efficiency and data integrity, integration challenges and regulatory frameworks may slow widespread adoption.
GateNews1h ago
Blockchain Projects Face Massive Decline: Over $1.2B Raised, Now Down 96-100% from Peak
Gate News bot message, ten blockchain projects that collectively raised over $1.2 billion and achieved a combined all-time high market cap of $25 billion have now declined 96-100% from their peaks. Kadena has shut down entirely. Moonbeam operates with approximately 200 daily wallets. Scroll generate
GateNews6h ago
TRM Labs Reports $35B Lost to Crypto Scams Worldwide in 2025
TRM Labs reports a rise in global crypto fraud, reaching $35 billion in 2025, likely underestimating actual losses. Enhanced training and blockchain tools are essential for law enforcement to combat sophisticated fraud schemes effectively.
TheNewsCrypto12h ago
Crypto Investment Era Is DEAD: Shark Tank Bloodbath Ahead?
The panel at 2026 ETHDenver highlighted a shift in crypto investment trends, emphasizing fundamental analysis over hype. Investors are increasingly focused on sustainable business models and strategic growth, moving toward a more mature and resilient market.
Coinfomania13h ago
Clearstream, DTCC, and Euroclear release digital asset securities interoperability framework to promote unified standards in the DLT market
Clearstream, DTCC, and Euroclear jointly released a report with BCG, proposing an interoperability framework for the digital asset securities market. The goal is to promote interoperability of distributed ledger technology, ensure smooth transfer of digital securities, and outline five core elements to guarantee consistent ownership records and compliance.
GateNews14h ago
