Santander Explores Fiat-Backed Stablecoin & Crypto Expansion - CVJ.AI

03:04 30.05.2025 robbob

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Banco Santander is considering launching a fiat-backed stablecoin and expanding its crypto services for retail clients, signaling a shift in its digital asset strategy. The move aligns with broader trends in European banking amid evolving regulatory frameworks.

Santander's stablecoin plans include both USD and EUR pegs, aligning with MiCA compliance.
ECB warns dollar-backed stablecoins may weaken the euro, while the EU Commission disagrees.
Santander's Openbank seeks licenses to offer retail crypto services under MiCA.

📎 Read the original article on cryptoslate.com

Related Tags: Donald TrumpJPMorgan Markets in Crypto Assets (MiCA) Stablecoin

Other Tags: Euro, US Dollar, Christine Lagarde, Citigroup, European Commission, European Union

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