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ING, the Dutch banking giant, could be diving into the crypto market by launching its stablecoin under the MiCA regulatory framework.
Stablecoin market has seen a rising interest from traditional financial institutions seeking to expand in the borderless crypto market. In a bid to stay competitive in a fast-evolving payment service industry, the Dutch banking giant, ING, has left the market overwhelmed by its moves.
According to CryptoRover on X (formerly Twitter);
DUTCH BANK ING IS REPORTEDLY DEVELOPING A NEW STABLECOIN IN COLLABORATION WITH TRADITIONAL FINANCE AND CRYPTO FIRMS!
This move reveals how stablecoins are entering the mainstream financial sector alongside Bitcoin, a sign of growing crypto adoption. With the MiCA regulation framework going “tough” on the digital assets market, big players like ING might push for favourable market policies in the future.
ING’s potential entry into the stablecoin market could catalyze a rapid growth of the digital asset market in Europe, boosting crypto adoption in the region.
