BBVA to launch Visa-Backed stablecoin by 2025

#BBVA is set to launch its own #stablecoin in 2025, collaborating with #Visa as part of a new program aimed at developing tokenized assets. Francisco Maroto, the bank’s head of digital assets, revealed that they are currently in the sandbox phase of this initiative. The exact backing for the stablecoin—whether through deposits, money market funds, or fiat currencies—has yet to be determined. BBVA aims for the stablecoin to serve as a settlement layer on exchanges, furthering its efforts in the digital asset space, which the bank has been exploring since 2014.