Santander Mulls Stablecoin Entry Amid Growing Bank Crypto Adoption
Banco Santander is the latest major bank to explore stablecoin issuance and retail crypto services, signaling deepening institutional interest in digital assets.
Sources indicate the bank is in early-stage discussions to launch both dollar and euro-linked stablecoins, following similar considerations by Wall Street giants like JPMorgan and Citi. The shift comes as US regulatory conditions improve under the Trump administration.
Proponents highlight stablecoins’ potential to enhance dollar liquidity, streamline payments, and foster financial inclusion. However, resistance remains within the banking sector, where some fear disruption to traditional revenue streams.
Notably, US banking lobbyists have pushed back against stablecoin legislation, warning that yield-bearing tokens could threaten deposit-based banking models.
