BBVA and Santander Put Corporate Stablecoins Ahead of Tokenized Deposits

Executives at BBVA and Santander are prioritizing compliant stablecoin applications for corporate clients, while tokenized bank deposits remain a medium- to long-term prospect amid regulatory uncertainty and gray areas, including cross-bank risk transmission. At MERGE Madrid 2026, BBVA digital assets chief Francisco Maroto said stablecoins under the MiCA framework can already enable round-the-clock cross-border settlement for businesses. BBVA is one of seven Spanish banks participating in Qivalis, a European consortium involving 37 European banks that is preparing to issue a compliant euro stablecoin. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost