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The Mystery of ING's Digital Currency: Is the Dutch Banking Giant Quietly Preparing to Launch a European Stablecoin?
In a development attracting global financial attention, ING – the largest bank in the Netherlands – is reportedly secretly developing its own branded stablecoin project to capitalize on the wave of cryptocurrency legalization in Europe through the MiCA legal framework.
If completed, ING will officially join the stablecoin race alongside formidable competitors like Société Générale (France), Circle (USA), and Tether, and could create a significant boost for both the traditional crypto market and traditional banks.
If completed, ING will officially join the stablecoin race alongside formidable competitors like Société Générale (France), Circle (USA), and Tether, and could create a significant boost for both the traditional crypto market and traditional banks.
🗣️According to #CoinDesk ,the Dutch #bank 🏦#ING is working on #developing a new #stablecoin in cooperation with companies in the financial sector (TradFi) and companies in the crypto sector.
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