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BBVA and Santander Focus on Corporate Stablecoin Use Cases

Francisco Maroto said businesses can already use MiCA-based stablecoins to settle cross-border transactions at any hour.

Updated 1 min read
Attendees listen during a business finance session at MERGE Madrid in Madrid, Spain. / EconoTimes.ai
Attendees listen during a business finance session at MERGE Madrid in Madrid, Spain. / EconoTimes.ai

The banks see corporate stablecoin use cases as a nearer-term priority. Tokenized deposits remain a longer-range prospect while regulatory gray areas, including cross-bank risk transmission, persist.

Speaking at MERGE Madrid 2026, Maroto said MiCA-based stablecoins already let businesses settle cross-border transactions at any hour.

Qivalis is preparing a compliant euro stablecoin. The consortium includes 37 European banks, with BBVA among seven Spanish participants.

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