Santander joins 21-bank consortium to launch USD stablecoin venture in H2 2026

Reuters2026/09/01 13:49

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Santander joined 20 other financial institutions to form a new stablecoin company in H2 2026, subject to closing conditions.
Initial product targets a USD-denominated stablecoin, with plans to add other G7 currencies; a EUR stablecoin is the priority.
Consortium targets a first-half 2027 market launch, aimed at cross-border payments, digital asset settlement, retail, institutional use.
Project targets compliance with the GENIUS Act, MiCA, where applicable.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco Santander SA published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Santander joins 21-bank consortium to launch USD stablecoin venture in H2 2026

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