Northern Trust to provide custody and cash services for stablecoin issuer Haycen

U.S. banking giant Northern Trust will offer custody and cash management services for Haycen, a stablecoin issuer focused on trade finance in the UK and Europe, according to CoinDesk. Haycen provides wholesale stablecoin payment solutions for non-bank lenders in global trade, aiming to modernize the sector with faster, USD-denominated settlements.