{"id":40624,"date":"2025-04-22T16:30:32","date_gmt":"2025-04-22T13:30:32","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=40624"},"modified":"2025-04-22T16:20:14","modified_gmt":"2025-04-22T13:20:14","slug":"ing-bank-reportedly-developing-stablecoin-amid-regulatory-momentum","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ing-bank-reportedly-developing-stablecoin-amid-regulatory-momentum\/","title":{"rendered":"ING Bank Reportedly Developing Stablecoin Amid Regulatory Momentum"},"content":{"rendered":"<p class=\"\" data-start=\"72\" data-end=\"380\">Dutch banking giant <a href=\"https:\/\/coinengineer.net\/blog\/ecb-reacts-to-us-crypto-expansion-warns-of-financial-instability\/\"><strong data-start=\"92\" data-end=\"99\">ING<\/strong> <\/a>is said to be working on a new <strong data-start=\"131\" data-end=\"153\">stablecoin project<\/strong>, aiming to capitalize on the evolving <strong data-start=\"192\" data-end=\"223\">crypto regulatory landscape<\/strong> in Europe. According to two individuals familiar with the matter, the initiative may involve a consortium of traditional banks and crypto service providers.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ing-bank-reportedly-developing-stablecoin-amid-regulatory-momentum\/#ING_Explores_Consortium-Based_Stablecoin_Structure\" title=\"ING Explores Consortium-Based Stablecoin Structure\">ING Explores Consortium-Based Stablecoin Structure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ing-bank-reportedly-developing-stablecoin-amid-regulatory-momentum\/#MiCA_Framework_Opens_New_Possibilities\" title=\"MiCA Framework Opens New Possibilities\">MiCA Framework Opens New Possibilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ing-bank-reportedly-developing-stablecoin-amid-regulatory-momentum\/#Traditional_Banks_Entering_the_Arena\" title=\"Traditional Banks Entering the Arena\">Traditional Banks Entering the Arena<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"\" data-start=\"382\" data-end=\"436\"><span class=\"ez-toc-section\" id=\"ING_Explores_Consortium-Based_Stablecoin_Structure\"><\/span>ING Explores Consortium-Based Stablecoin Structure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"438\" data-end=\"687\">One of the sources noted that \u201cING is running a stablecoin initiative together with a few other banks. Progress is slow because a joint structure requires approval from the boards of all involved institutions.\u201d ING declined to comment on the matter.<\/p>\n<h3 class=\"\" data-start=\"689\" data-end=\"731\"><span class=\"ez-toc-section\" id=\"MiCA_Framework_Opens_New_Possibilities\"><\/span>MiCA Framework Opens New Possibilities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"733\" data-end=\"1059\">The European Union\u2019s <strong data-start=\"754\" data-end=\"789\">Markets in Crypto-Assets (MiCA)<\/strong> regulation came into effect last year, setting a comprehensive legal framework for digital assets. It mandates that stablecoin issuers must obtain licenses within the EU and <strong data-start=\"964\" data-end=\"1007\">encourages euro-denominated stablecoins<\/strong> to reduce dependency on dollar-backed alternatives.<\/p>\n<p class=\"\" data-start=\"1061\" data-end=\"1332\">MiCA also obliges issuers to <strong data-start=\"1090\" data-end=\"1141\">hold substantial reserves in Europe-based banks<\/strong>, pushing the industry toward more regulated players. A recent note by JPMorgan highlighted how this shift has favored compliant offerings like Circle\u2019s <strong data-start=\"1294\" data-end=\"1302\">EURC<\/strong> over competitors like Tether.<\/p>\n<h3 class=\"\" data-start=\"1334\" data-end=\"1374\"><span class=\"ez-toc-section\" id=\"Traditional_Banks_Entering_the_Arena\"><\/span>Traditional Banks Entering the Arena<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"1376\" data-end=\"1630\">If ING\u2019s stablecoin project moves forward, it will join the ranks of <strong data-start=\"1445\" data-end=\"1465\">Societe Generale<\/strong>, which became the first major bank to issue a stablecoin via its SG Forge unit. The entry of ING may heat up competition in the emerging European stablecoin market.<\/p>\n<p class=\"\" data-start=\"1632\" data-end=\"1900\">As regulatory clarity increases across the EU, more traditional financial institutions appear ready to join the stablecoin race. ING\u2019s involvement signals a broader trend where <strong data-start=\"1809\" data-end=\"1872\">regulated banks are stepping into the tokenized money space<\/strong> with euro-backed solutions.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"1632\" data-end=\"1900\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dutch banking giant ING is said to be working on a new stablecoin project, aiming to capitalize on the evolving crypto regulatory landscape in Europe. According to two individuals familiar with the matter, the initiative may involve a consortium of traditional banks and crypto service providers. ING Explores Consortium-Based Stablecoin Structure One of the sources<\/p>\n","protected":false},"author":29,"featured_media":40625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[14680,14681,14682],"class_list":["post-40624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-ing-bank","tag-ing-bank-regulation","tag-ing-bank-stablecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ING Bank Reportedly Developing Stablecoin Amid Regulatory Momentum - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ing-bank-reportedly-developing-stablecoin-amid-regulatory-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ING Bank Reportedly Developing Stablecoin Amid Regulatory Momentum - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Dutch banking giant ING is said to be working on a new stablecoin project, aiming to capitalize on the evolving crypto regulatory landscape in Europe. 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