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Santander joins 21-bank consortium to launch USD stablecoin venture in H2 2026 - SAN News | Rallies

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

SAN•2026-09-01

Santander joins stablecoin consortium

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.

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