Spain's Santander Bank is developing a preliminary stablecoin plan to enter the crypto market

Odaily News Banco Santander SA of Spain is considering expanding its digital asset business, including a preliminary plan to launch a stablecoin and provide cryptocurrency services to retail customers of its digital bank. People familiar with the matter said the stablecoin plan is still in its early stages, and a person familiar with the matter revealed that Openbank, an online banking subsidiary of Santander Bank, has applied for relevant licenses under the latest EU regulatory framework to provide crypto services to retail customers. (Bloomberg)