BBVA is the latest financial giant entering the crowded field of stablecoins as the Spanish bank gets set to launch its own digital asset next year with the aid of Visa. In an interview with Fortune,

Visa introduces VTAP, allowing banks to issue and manage fiat-backed tokens on Ethereum, with live pilots in 2025.

BBVA, one of Spain’s largest banks, is preparing to launch its own stablecoin by 2025 with the support of digital payments provider, Visa.

Visa Inc. is launching a platform for banks to issue fiat-backed tokens such as stablecoins and tokenized deposits, as more financial institutions and businesses express interest in how cryptocurrencies and blockchain technology can improve their operations.

Global digital payments leader Visa has introduced the Visa Tokenized Asset Platform (VTAP). This innovation enables banks to issue and manage fiat-backed tokens on blockchain networks. VTAP is now available on the Visa Developer Platform for partner institutions to experiment with in a sandbox

Visa, the global payments giant, has announced a major step forward in integrating blockchain technology with traditional banking. With the launch of its Visa Tokenized Asset Platform (VTAP), set to pilot in 2025,