ClearBank picks Taurus for stablecoin wallet services in UK payments push

ClearBank has selected digital asset infrastructure firm Taurus to support its expansion into stablecoin-related services, as the UK clearing bank looks to broaden its payments and digital asset offering for clients.

The partnership centres on ClearBank using Taurus-PROTECT as its wallet infrastructure provider.

The fintech said the setup is designed to help it deliver digital asset services that are secure, scalable, and compliant, as it develops its wider digital asset strategy. ClearBank said its initial focus is on stablecoins.

Stablecoins move closer to everyday banking

Stablecoins are cryptocurrencies pegged to assets such as fiat currencies or gold.

They have become a core part of crypto markets, widely used as payment rails and as a tool to move funds across borders.

Tether’s USDT is currently the largest stablecoin by market value, followed by Circle’s USDC.

Their adoption has supported broader stablecoin growth at a time when more financial institutions are looking at blockchain-based settlement rails for practical, real-world transactions.

ClearBank’s move comes as stablecoins are increasingly framed around payment efficiency rather than trading activity alone, with banks and fintech firms exploring ways to link traditional accounts and rails to tokenised value transfers.

ClearBank links wallet infrastructure with Circle Mint access

As part of the Taurus integration, ClearBank will gain access to Taurus-PROTECT’s connectivity with Circle Mint.

Circle’s platform allows financial institutions to mint and redeem MiCAR-compliant USDC and EURC.

ClearBank said the Taurus-PROTECT setup will support its goal of offering stablecoin-related services while keeping the services aligned with compliance requirements expected in institutional environments.

Taurus-PROTECT sits within Taurus’ broader digital asset infrastructure platform built for banks and financial institutions, covering custody and management of cryptocurrencies, tokenised assets, and other digital instruments across different regulatory and operating models.

Circle Payment Network adds a second stablecoin rail

The Taurus agreement follows ClearBank’s recent announcement that it plans to join the Circle Payment Network, which aims to enable near-instant global value transfers using blockchain-based rails.

ClearBank said bringing together traditional payment infrastructure with stablecoin technology could help improve efficiency and reduce costs for use cases such as corporate payments and international remittances.

The stablecoin market has also continued to expand. Total stablecoin market capitalisation climbed past the $300 billion mark in 2025, up roughly 50% year over year.

Growth has been supported by the adoption of major tokens such as USDT and USDC, and by regulatory clarity, such as the US GENIUS Act, which encourages institutional participation.

Taurus partnership fits ClearBank’s digital asset strategy.

ClearBank said its deal with Taurus is part of a broader digital asset strategy, with stablecoins positioned as the starting point for new services.

Taurus-PROTECT is being used specifically as wallet infrastructure, giving ClearBank a foundation to offer digital asset services in a way designed to meet security, scalability, and compliance expectations.

In its announcement, ClearBank said the arrangement is intended to help it introduce new services while continuing to expand its payments capabilities alongside developments in blockchain-based value transfer.

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