{"id":29513,"date":"2025-05-30T17:17:22","date_gmt":"2025-05-30T17:17:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29513"},"modified":"2025-05-30T17:17:22","modified_gmt":"2025-05-30T17:17:22","slug":"santanders-crypto-ambitions-spains-top-bank-to-roll-out-stablecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29513","title":{"rendered":"Santander\u2019s Crypto Ambitions: Spain\u2019s Top Bank To Roll Out Stablecoin"},"content":{"rendered":"
\n

Banco Santander SA, one of the largest banks in Europe and Spain, is reportedly considering introducing its own stablecoin. The bank also plans to give its digital banking arm, Openbank, the ability to offer crypto services to retail clients.<\/p>\n

According to a Bloomberg report <\/a>from May 29, the Spanish bank\u2019s online unit has applied for licenses to operate these services under the European Union\u2019s Markets in Crypto-Assets (MiCA) regulation.<\/p>\n

Euro And Dollar Stablecoins For Retail Clients<\/h2>\n

While Santander has not officially commented on the report, Bloomberg sources reportedly indicate that the bank is evaluating the launch of euro- and dollar-denominated stablecoins<\/a>. This could involve creating its own stablecoin or facilitating access to existing ones.\u00a0<\/p>\n

Santander\u2019s Openbank, which serves customers across multiple European countries, is poised to launch these crypto services as early as this year, contingent on obtaining the necessary regulatory approvals<\/a>, according to Bloomberg.<\/p>\n

This move comes as Santander\u2019s Spanish competitor, BBVA SA, announced in March its intention to offer cryptocurrency services following approval from Spain\u2019s regulatory authority, the CNMV.\u00a0<\/p>\n

BBVA has already been providing similar services in Switzerland and Turkey, allowing customers to buy, sell, and manage transactions <\/a>in Bitcoin (BTC) and Ethereum (ETH) through their app.\u00a0<\/p>\n

How BBVA Aims To Guide Customers In Crypto Assets<\/h2>\n

Gonzalo Rodr\u00edguez, BBVA\u2019s head of retail banking in Spain, emphasized the bank\u2019s commitment to making cryptocurrency investment accessible, stating, \u201cOur goal is to guide them as they explore this new segment of digital assets, backed by the solvency and security assurances provided by a bank like BBVA.\u201d<\/p>\n

The MiCA regulation aims to harmonize the currently fragmented regulatory landscape<\/a> across the European Union\u2019s (EU) 27 member states.\u00a0<\/p>\n

By establishing a comprehensive framework, the European Union\u2019s Markets in Crypto-Assets is shaping how major digital market participants operate within one of the world\u2019s largest economic regions.\u00a0<\/p>\n

The regulation allows banks, investment firms, and other financial institutions to engage in cryptocurrency activities, provided they have the necessary authorization under the Markets in Financial Instruments Directive (MiFID) II.<\/p>\n

Such a move comes in the wake of growing legislative support in the US led by President Donald Trump, who has increasingly changed its previous vision about digital assets and Bitcoin with major announcements, including the establishment of a Strategic Crypto Reserve.<\/p>\n

As such, Bitcoin reached a new record high<\/a> of $111,800 last week, with analysts and investors vowing to see even greater gains in the coming months.\u00a0<\/p>\n

\"Crypto\"<\/p>\n

Consequently, the total crypto market capitalization reached a new high of $3.5 trillion last week, now standing at $3.3 trillion as investors flock to cash out their gains.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Banco Santander SA, one of the largest banks in Europe and Spain, is reportedly considering introducing its own stablecoin. The bank also plans to give its digital banking arm, Openbank, the ability to offer crypto services to retail clients. According to a Bloomberg report from May 29, the Spanish bank\u2019s online unit has applied for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29513","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29513"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29513\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}