According to BlockBeats, Banco Santander SA is considering expanding its digital asset operations as European banks increasingly focus on this sector. The Spanish bank is exploring initial plans to launch a stablecoin and provide cryptocurrency services to retail customers through its digital banking platform.
Sources familiar with the matter indicate that the stablecoin initiative is still in its early stages. Due to the private nature of these discussions, the sources requested anonymity. One source revealed that Santander's online banking subsidiary, Openbank, has applied for the necessary licenses under the latest EU regulatory framework to offer crypto services to retail clients.