Dutch bank ING is developing a new stablecoin with traditional finance and crypto firms, aligning with Europe’s MiCA regulations that require stablecoin issuers to hold an authorization license, as noted in a CoinDesk report from April 21, 2025.
ING’s move reflects a broader trend of major banks entering the stablecoin market, following Société Générale’s lead, with the stablecoin market projected to grow to $2 trillion by 2028, according to Standard Chartered, highlighting the increasing integration of TradFi and DeFi.
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