ClearBank has chosen digital asset infrastructure provider Taurus to support its push into stablecoin-related services, as the U.K.-based clearing bank looks to broaden its payments and digital asset offerings for clients, the company said in a press release Tuesday.
Under the agreement, ClearBank will use Taurus-PROTECT as its wallet infrastructure provider, enabling it to offer digital asset services in a way that is designed to be secure, scalable and compliant.
The partnership forms part of ClearBank’s wider digital asset strategy, with an initial focus on stablecoins, the fintech company said.
Stablecoins are cryptocurrencies pegged to assets like fiat currencies or gold. They underpin much of the crypto economy, serving as payment rails and a tool for moving money across borders. Tether’s $USDT is the largest stablecoin, followed by Circle’s $USDC.
The stablecoin market has seen sustained and rapid expansion, with total market capitalization climbing past the $300 billion mark in 2025, up roughly 50% year-over-year, driven by broad adoption of major tokens like $USDT and $USDC as well as regulatory clarity such as the U.S. GENIUS Act that encourages institutional participation.
As part of the integration, ClearBank will gain access to Taurus-PROTECT’s connectivity with Circle Mint, Circle’s (CRCL) platform that allows financial institutions to mint and redeem MiCAR-compliant $USDC and EURC.
The move 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 the combination of traditional payment infrastructure with stablecoin technology could improve efficiency and reduce costs for use cases such as corporate payments and international remittances.
“Working with Taurus-PROTECT gives us the robust and compliant digital asset capabilities we need as we introduce new services and help shape the future of payments,” said ClearBank CEO Mark Fairless, in the release.
Taurus-PROTECT is part of Taurus’ broader digital asset infrastructure platform built for banks and financial institutions, offering custody and management of cryptocurrencies, tokenized assets and other digital instruments across different regulatory and operating models.
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