Santander Bank in Spain is considering entering the cryptocurrency field and is developing preliminary plans for stablecoins

BlockBeats news, on May 29th, according to Bloomberg, as major European banks accelerate their layout in this field, Spain's Banco Santander SA is considering expanding its business in digital assets, including initial plans to launch stablecoins and provide cryptocurrency services to its digital banking retail customers. Insiders say that the stablecoin program is still in its early stages. Due to the private nature of the discussion, these individuals requested anonymity. One of the insiders revealed that Openbank, an online banking subsidiary of Santander Bank, has applied for relevant licenses under the latest regulatory framework of the European Union to provide encrypted services to retail customers.