U.K. clearing bank ClearBank has selected digital asset custody firm Taurus to support its expansion into stablecoin based services, signaling a deeper move into blockchain enabled payments. Under the partnership, ClearBank will use Taurus PROTECT as its wallet infrastructure, allowing it to securely manage and support digital asset operations for institutional clients. The initial focus of the rollout will center on stablecoins, reflecting growing demand among banks and payment firms for compliant digital settlement tools. ClearBank said the integration is designed to meet regulatory expectations while remaining scalable enough to support higher transaction volumes. The move positions the bank to offer stablecoin related services alongside its existing real time clearing and payment capabilities, bridging traditional banking infrastructure with onchain settlement technology.
As part of the integration, ClearBank will gain access to Taurus’ connectivity with Circle Mint, enabling the minting and redemption of MiCAR compliant USDC and EURC. This capability aligns with ClearBank’s broader plan to participate in Circle’s Payment Network, which aims to facilitate near instant global value transfers using blockchain rails. By combining custody, wallet management, and direct access to regulated stablecoins, ClearBank is positioning itself to support use cases such as corporate treasury payments, cross border transfers, and liquidity management. The bank has emphasized that clients will not need to manage private keys directly, as custody and operational controls will be handled through Taurus’ institutional grade infrastructure, maintaining a familiar risk profile for regulated financial institutions.
The partnership reflects a wider trend of traditional banks integrating stablecoins into their payment and settlement offerings as regulatory clarity improves across key markets. Stablecoins are increasingly viewed as an extension of existing payment systems rather than a separate crypto product, particularly for business to business transactions and international remittances. ClearBank’s move highlights how clearing banks are adapting to shifting client expectations around speed, transparency, and cost efficiency. As stablecoin adoption accelerates, collaborations between regulated banks and specialist digital asset infrastructure providers are becoming a core pathway for bringing tokenized money into mainstream financial workflows.
