Dutch ING Bank collaborates with multiple parties to develop a new stablecoin project

According to the Gate.io News bot and COINDESK, ING( of the Netherlands International Group ) is collaborating with Financial Institutions and Crypto Assets companies to develop a new stablecoin.

The project is led by ING Bank and is currently in the development stage. As one of the largest Financial Institutions in Europe, ING Bank’s foray into the Crypto Assets field demonstrates the exploration of blockchain technology by traditional financial institutions.

Reports indicate that this is ING’s first foray into the stablecoin development field, with the project bringing together multiple forces from traditional finance and the crypto assets industry.