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CoinVoice has recently learned that, according to Bloomberg, as major European banks accelerate their layout in this field, Banco Santander SA is considering expanding its business in digital assets, including preliminary plans to launch a stablecoin and provide cryptocurrency services for its retail customers in the Digital Bank.
According to informed sources, the stablecoin plan is still in its early stages. Since the discussions are private in nature, these individuals requested anonymity. One of the informed sources revealed that Openbank, the online banking subsidiary of Santander Bank, has applied for relevant licenses under the EU's latest regulatory framework to provide encryption services aimed at retail customers.