The statement, provided Saturday evening, confirms the suspicions of online sleuths and is likely to raise new questions about the company's finances.
Even with a tumultuous past and harsh critics, stablecoin projects keep popping up, aiming to relieve some of the volatility in the crypto markets.
It's a long road yet to mainstream blockchain use, according to Santander's head of blockchain R&D. But integration, he argues, won't be the issue.
Cryptocurrency ecosystems are still dependent on the very financial system they vilify for daily support and stability, says Tim Swanson.