Dutch Bank ING Said to Be Working on a New Stablecoin With Other TradFi and Crypto Firms

There is a good chance that residents of the islands of Saba and Sint Eustatius will be able to get a Dutch bank account again. ING is the first Dutch bank that wants to offer checking and savings accounts, credit cards, loans and mortgages on the Caribbean islands. CEO Peter Jacobs of ING Netherlands promises that the islanders will "get the same services as residents of Texel". Due to the complex rules to make this possible, this will not be u…

Dutch Bank ING Said to Be Working on a New Stablecoin With Other TradFi and Crypto Firms

ING’s stablecoin project could take the form of a consortium effort including some other banks and crypto service providers, two people familiar with the plans said.

SEC Staff Clarifies That Certain Dollar-Backed Stablecoins Do Not Implicate the Securities Laws

The Staff noted that a stablecoin generally is not subject to SEC jurisdiction if it is not an investment and used solely for commercial activity. By Jenny Cieplak, Zachary Fallon, Arthur S. Long, Yvette D. Valdez, Stephen P. Wink, Adam Bruce Fovent, Connor Jobes, and Deric Behar On April 4, 2025, the SEC’s Division of Corporation Finance (the Staff) published a Statement on Stablecoins clarifying that in the Staff’s view the offer and sale of c…

ING has plans to expand to Saba and Sint Eustatius. The bank has been in talks with the Ministry of Finance and De Nederlandsche Bank (DNB) about this in recent months. The two Caribbean islands are special municipalities of the Netherlands where the number of banks is limited, according to ING.

Synthetic dollars are reshaping stablecoins

The post Synthetic dollars are reshaping stablecoins appeared on BitcoinEthereumNews.com. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In just five years, stablecoins have grown from niche instruments to a $250 billion market. These digital assets now form essential infrastructure for crypto adoption, enabling transactions and providing the fo…

A new competitor for Société Générale? The bank ING is in turn embarking on the race for stablecoins, backed by crypto companies. The point on what we know about this project, which is only at its infancy. The article The bank ING would work on a new euro stablecoin – A revolution to come ? appeared first on Cryptoast.