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Santander Stablecoin in the Works: TradFi Meets Crypto

  • 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.

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