This post was originally published on The FinTech Times
ClearBank, the provider of real-time clearing and embedded banking, has selected digital asset infrastructure leader Taurus to provide the wallet technology for its new stablecoin-related services.
Under the strategic agreement, ClearBank will utilise Taurus-PROTECT as its wallet infrastructure provider. The move is designed to allow the bank to advance its digital asset strategy securely and at scale, with a specific focus on supporting stablecoin services for its diverse client base.
Connecting to the Circle ecosystem
Mark Fairless, chief executive officer at ClearBank
A key component of the partnership is the integration of Taurus-PROTECT with Circle Mint, the platform enabling financial institutions to mint and redeem MiCAR-compliant USDC and EURC.
This development follows closely on the heels of ClearBank’s recent announcement of its plans to join the Circle Payment Network. By securing the necessary wallet infrastructure, ClearBank is positioning itself to facilitate global value transfer with blockchain transparency and internet-level speeds.
The collaboration aims to enhance the efficiency and cost profile of critical banking functions, including corporate payments and international remittances, by complementing traditional payment rails with stablecoin innovation.
Mark Fairless, chief executive officer at ClearBank, commented: “As our clients explore digital assets, they expect the same
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