#BTC

🏦Banco Santander launches stablecoin and enters crypto for retail

One of the largest banks in Europe — Banco Santander — is preparing to launch its own stablecoin and open access to cryptocurrency for retail clients 🏦💰

📌What has been done:

✅ The bank's online division has applied for licensing under new EU regulations (MiCA)

✅ The launch of crypto services for a wide audience is planned

✅ The new stablecoin will be backed by traditional assets, details are not yet disclosed

💡Why this is important:

Santander is one of the first banks to officially announce its readiness to offer crypto products to the retail sector in Europe. This is a significant step towards the mass adoption of digital assets in traditional banking.