UK ClearBank Accelerates Digital Asset Entry... Selects Taurus for Stablecoin Infrastructure
UK清算 bank ClearBank has chosen Swiss infrastructure provider Taurus to expand its stablecoin-based payment services.
Through this partnership, ClearBank will adopt Taurus-PROTECT, a wallet infrastructure provider for digital asset custody and management.
The initial focus of the integration is aligned with stablecoins such as USDC and EURC compliant with MiCAR regulations, through connecting with Circle Mint and Circle's institutional issuance platform.
Strategic Expansion
ClearBank's digital asset strategy follows the announcement of joining the Circle Payment Network, enabling cross-border value transfer based on blockchain technology.
This clearing bank aims to combine traditional payment infrastructure with stablecoin technology for corporate payments and international remittances.
Taurus-PROTECT offers institutional-grade custody services encompassing hot, warm, and cold storage configurations, specifically designed for regulated financial institutions.
This platform supports custody, staking, and asset services for cryptocurrencies, tokenized securities, and digital currencies.
Read more: Ukraine Blocks Polymarket Over War-Related Betting and Unlicensed Gambling
Market Environment
The stablecoin market surpassed a total market capitalization of $300 billion in 2025, representing approximately a 50% growth compared to the previous year.
Regulatory clarity, including the U.S. GENIUS Act, is driving institutional participation in stablecoin infrastructure.
Taurus provides services to over 35 regulated financial institutions worldwide, including Deutsche Bank and State Street.
The Swiss-based company raised $65 million in a Series B round led by Credit Suisse prior to its acquisition.
