Plasma Stablecoin Sees $7.86B Influx; Euro Stablecoin Coming in 2026; Cronos Partners with AWS
Plasma, a blockchain tied to stablecoin giant Tether, has seen significant growth since its launch. Meanwhile, nine major European banks are set to release a euro stablecoin in mid-2026, compliant with the EU's MiCA regulation. Cronos, another blockchain platform, has partnered with AWS to focus on real-world assets.
Plasma, launched on the Cronos chain, has attracted a staggering $7.86 billion in net inflows since its inception. Daily inflows have since stabilized between $1 to $2.5 billion, with outflows around $1 billion. This influx demonstrates stablecoins' role in protecting decentralized finance (DeFi) ecosystems. Plasma leverages stablecoins on platforms like Aave and Veda for deposits.
In a significant development, nine leading European banks are collaborating to create a euro stablecoin. Expected to launch mid-2026, it will be fully compliant with the EU's Markets in Crypto-Assets Regulation (MiCA). The stablecoin is likely to be classified as an Electronic Money Token (EMT), marking one of the first traditional financial initiatives under MiCA.
Cronos, the blockchain hosting Plasma, has partnered with Amazon Web Services (AWS) to focus on real-world assets at the enterprise level. This partnership aims to provide emerging blockchain companies with scalable cloud services and up to 100,000 AWS credits to build stronger financial applications. Cronos aims to establish itself as a preferred blockchain platform for real-world assets by 2025-2026.
Plasma's impressive inflows showcase stablecoins' importance in DeFi, while the upcoming euro stablecoin signals a significant step for traditional finance in crypto regulation. Cronos' AWS partnership, meanwhile, underscores the institutionalization of symbolic finance.
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