The largest bank in Spain joins the cryptocurrency market (Bloomberg)

Santander Bank plans to launch its own stablecoin and provide individual customers access to cryptocurrencies.

Cryptocurrency and token services are likely to be launched this year.

The bank has applied for the appropriate license under the new EU cryptocurrency regulation (MiCA).

Santander Bank is one of the largest banks in Europe by market value and is the largest Spanish bank, with assets under management = 537,000,000,000+ USD.