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🚨 JUST IN: Spain’s Santander Bank Eyes Stablecoin Launch & Retail Crypto Expansion 🇪🇸

Spain’s largest bank, Banco Santander, is reportedly planning to launch a stablecoin and expand crypto services for retail clients through its digital banking arm, Openbank. The move aligns with the growing trend of European banks embracing digital assets following the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulation.

Openbank has applied for licenses to offer crypto services under the MiCA framework, aiming to provide stablecoin and crypto asset services to retail customers as early as this year. The bank is evaluating the feasibility of issuing stablecoins pegged to the euro and the US dollar, either through self-developed solutions or by integrating existing stablecoin options.

This initiative reflects Santander’s ongoing commitment to digital innovation and its response to the increasing demand for crypto services among retail clients.

Stay tuned for further updates as Santander navigates the regulatory landscape to bring these services to market.

#Santander #Openbank #Stablecoin #CryptoNews #MiCA