Banco Santander is considering launching its own stablecoin as part of its digital asset strategy.
This move could make Santander one of the first major European banks to provide crypto services directly to retail customers.
The potential rollout of the stablecoin will depend on the evolution of EU regulations, particularly MiCA, in the coming months.
Santander's exploration of a proprietary stablecoin signifies a convergence of traditional finance and crypto, indicating a significant development in the digital asset space.