Santander Eyes Stablecoin Launch for Retail Crypto Services

Global banking giant Santander is exploring new avenues to offer crypto services to the general public, potentially including a stablecoin product. According to Bloomberg, the institution is considering issuing both dollar and euro-pegged fiat tokens. This move follows a trend among large financial institutions like JPMorgan, Bank of America, Citigroup and Wells Fargo who are also researching stablecoin development. 📚 This industry shift is being driven by recent regulatory changes under US President Trump.