Santander Eyes Stablecoin Expansion in Crypto Banking Push

Banco Santander could soon join the ranks of banks embracing crypto, with plans under consideration for a proprietary stablecoin and retail digital asset services.

The Spanish lender is reportedly assessing dollar and euro-denominated stablecoins, aligning with moves by US banking leaders amid a friendlier regulatory climate.

Stablecoin supporters tout benefits like faster payments, broader dollar adoption, and financial inclusion.

Though some in traditional finance resist the trend—lobbying against laws that could enable yield-bearing stablecoins—Santander’s potential entry signals growing institutional confidence in crypto’s future.