{"id":172608,"date":"2024-10-04T12:52:40","date_gmt":"2024-10-04T12:52:40","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172608"},"modified":"2024-10-04T12:52:43","modified_gmt":"2024-10-04T12:52:43","slug":"spains-bbva-to-roll-out-native-stablecoin-in-2025","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/spains-bbva-to-roll-out-native-stablecoin-in-2025\/","title":{"rendered":"Spain\u2019s BBVA to Roll Out Native Stablecoin in 2025"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Strategic Move<\/span><\/strong><span data-preserver-spaces=\"true\">: BBVA will launch a stablecoin in 2025, leveraging Visa\u2019s Tokenized Asset Platform (VTAP) to enhance its digital asset services.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Visa Partnership<\/span><\/strong><span data-preserver-spaces=\"true\">: The stablecoin will be developed with Visa, ensuring strong regulatory compliance and leveraging Visa\u2019s infrastructure for secure minting, transfer, and settlement of digital assets.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Financial Inclusion<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: BBVA aims to use the stablecoin to extend financial services to underbanked populations, promoting greater financial access and inclusion.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Spain\u2019s second-largest bank, BBVA, is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/fortune.com\/crypto\/2024\/10\/03\/bbva-plans-to-launch-stablecoin-in-2025-with-support-from-visa\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">set<\/span><\/a><span data-preserver-spaces=\"true\"> to make a significant leap<\/span><\/strong><span data-preserver-spaces=\"true\"> into the digital currency space by <\/span><strong><span data-preserver-spaces=\"true\">launching its own <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/stablecoins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">stablecoin<\/span><\/a><span data-preserver-spaces=\"true\"> in 2025<\/span><\/strong><span data-preserver-spaces=\"true\">. This ambitious project is being developed in collaboration with Visa, leveraging the global payment giant\u2019s expertise and infrastructure.<\/span><!--more--><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">A Strategic Move into the Stablecoin Market by BBVA<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">BBVA\u2019s entry into the stablecoin market marks a strategic move to capitalize on the growing trend of asset tokenization. <\/span><strong><span data-preserver-spaces=\"true\">The bank aims to use its stablecoin primarily as a settlement layer<\/span><\/strong><span data-preserver-spaces=\"true\"> on crypto exchanges and other digital asset trading platforms. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This initiative is part of BBVA\u2019s broader strategy to enhance its digital asset services, which already include crypto trading and custody services for Swiss private and institutional customers.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172609\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/BBVAxVISA.jpg\" alt=\"Spain\u2019s BBVA to Roll Out Native Stablecoin in 2025\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/BBVAxVISA.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/BBVAxVISA-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/BBVAxVISA-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Visa\u2019s Role and the Sandbox Program<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The stablecoin project is being developed through Visa\u2019s <\/span><\/strong><span data-preserver-spaces=\"true\">newly launched sandbox platform, the <\/span><strong><span data-preserver-spaces=\"true\">Visa Tokenized Asset Platform<\/span><\/strong><span data-preserver-spaces=\"true\"> (VTAP). This platform is designed to help financial institutions create and manage their own tokenized assets, including stablecoins and Central Bank Digital Currencies (<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/cbdc-what-are-they-really-hiding\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">CBDCs<\/span><\/a><span data-preserver-spaces=\"true\">). <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">BBVA is one of the early adopters of this program,<\/span><\/strong><span data-preserver-spaces=\"true\"> which provides the bank with the tools and expertise needed to securely mint, transfer, and settle digital assets. <\/span><strong><span data-preserver-spaces=\"true\">One of the key reasons<\/span><\/strong><span data-preserver-spaces=\"true\"> BBVA chose to partner with Visa is the latter\u2019s <\/span><strong><span data-preserver-spaces=\"true\">strong regulatory compliance<\/span><\/strong><span data-preserver-spaces=\"true\"> and established <\/span><strong><span data-preserver-spaces=\"true\">brand reputation<\/span><\/strong><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This partnership ensures that the stablecoin will adhere to the stringent regulatory standards required in the financial industry. <\/span><strong><span data-preserver-spaces=\"true\">BBVA\u2019s stablecoin is expected to be backed by reserves<\/span><\/strong><span data-preserver-spaces=\"true\">, potentially in <\/span><strong><span data-preserver-spaces=\"true\">euros<\/span><\/strong><span data-preserver-spaces=\"true\">, given the bank\u2019s substantial presence in Europe.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Impact on Financial Inclusion<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">BBVA\u2019s stablecoin initiative is also aimed at extending financial services to underbanked populations. By leveraging digital currency, <\/span><strong><span data-preserver-spaces=\"true\">BBVA hopes to provide greater financial access and inclusion<\/span><\/strong><span data-preserver-spaces=\"true\">, particularly in regions where traditional banking services are limited.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As BBVA moves forward with its stablecoin project, the bank is poised to play a significant role in the evolving digital asset landscape. With the support of Visa and a clear regulatory framework, BBVA\u2019s stablecoin could become a key player in the global financial system by 2025.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Strategic Move: BBVA will launch a stablecoin in 2025, leveraging Visa\u2019s Tokenized Asset Platform (VTAP) to enhance its digital asset services. Visa Partnership: The stablecoin will be developed with Visa, ensuring strong regulatory compliance and leveraging Visa\u2019s infrastructure for secure minting, transfer, and settlement of digital assets. Financial Inclusion: BBVA aims to use the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Spain\u2019s BBVA to Roll Out Native Stablecoin in 2025\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/spains-bbva-to-roll-out-native-stablecoin-in-2025\/#more-172608\" aria-label=\"More on Spain\u2019s BBVA to Roll Out Native Stablecoin in 2025\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4598,4831,5016,4904],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172608"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172608"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172608\/revisions"}],"predecessor-version":[{"id":172611,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172608\/revisions\/172611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172610"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}