CryptoBlog n.2303
BBVA is preparing to launch its own stablecoin next year with support from Visa. The bank is currently in the sandbox phase of Visa’s program that helps firms develop tokenized assets. BBVA aims to move to live testing by 2025. The bank hasn't yet decided whether its stablecoin will be backed by deposits, money market funds, or fiat currencies like the euro or U.S. dollar. The stablecoin is expected to be used as a settlement layer on exchanges for tokenized assembly, such as real estate and private credit funds.