BlockBeats News, May 29th, according to Bloomberg, as major European banks accelerate their presence in the field, Spain's Banco Santander SA is considering expanding its digital asset business, including preliminary plans to launch a stablecoin and provide cryptocurrency services to the retail customers of its digital bank.
Sources familiar with the matter said the stablecoin plan is still in the early stages. Due to the confidential nature of the discussions, these sources requested anonymity. One source revealed that Santander's online banking subsidiary, Openbank, has applied for relevant licenses under the latest EU regulatory framework to offer cryptocurrency services to retail customers.
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