Banco Santander Explores Stablecoin and Retail Crypto Services
- Banco Santander SA is exploring the launch of stablecoins pegged to the euro or US dollar.
- The bank plans to expand retail crypto offerings through its digital unit, Openbank.
- Santander has applied for licenses under the EU’s MiCA framework for crypto trading services.
- The potential launch could occur in Spain, Germany, Portugal, and the Netherlands.
- Santander has a history of investing in blockchain technology and startups like Ripple.
Banco Santander SA is considering launching stablecoins and expanding retail crypto services via Openbank, pending regulatory approval. The initiative aligns with its ongoing investment in blockchain technology.
Source (2.6)https://cryptobriefing.com/santander-stablecoin-market-expansion/?rand=59535
