UK clearing bank ClearBank has selected Swiss digital asset infrastructure firm Taurus to power its expansion into stablecoin-related services. The partnership centers on ClearBank integrating Taurus-PROTECT as its institutional wallet and custody infrastructure provider. This setup is designed to deliver digital asset services that are secure, scalable, and compliant with regulations like the EU's Markets in Crypto-Assets Regulation (MiCAR).
ClearBank's initial focus will be on stablecoins, positioning them as a starting point for new services aimed at improving payment efficiency. The bank stated that blending traditional payment infrastructure with stablecoin technology could enhance efficiency and reduce costs for corporate payments and international remittances.
A key component of the Taurus integration is access to Taurus-PROTECT's connectivity with Circle Mint, Circle's platform that allows financial institutions to mint and redeem MiCAR-compliant stablecoins USDC and EURC. This follows ClearBank's recent announcement to join the Circle Payment Network, which aims to enable near-instant global value transfers using blockchain-based rails.
The partnership underscores a broader trend of regulated banks adopting stablecoins as practical infrastructure tools rather than speculative assets. The stablecoin market itself has seen significant growth, with total market capitalization surpassing $300 billion in 2025, a roughly 50% year-over-year increase, supported by the adoption of major tokens like USDT and USDC and regulatory clarity such as the US GENIUS Act.
ClearBank indicated that this deal is part of a wider digital asset strategy, with potential future exploration of stablecoin-based treasury solutions and tokenized asset settlement for institutional clients.
