Nine European Banks Launch Euro Stablecoin in 2026, Cronos & AWS Partner for RWA
Nine major European banks, including DekaBank, ING, and UniCredit, are collaborating to launch a Euro Stablecoin in June 2026. This initiative aims to provide a European alternative to USDT and other similar tokens, aligning with the Markets in Crypto-Assets (MiCA) regulations.
The Euro Stablecoin will be a type of e-money token (EMT), marking one of the first significant traditional financial ventures to comply with MiCA rules. Meanwhile, the Cronos blockchain has partnered with Amazon Web Services (AWS) to promote the application of Real World Assets (RWAs) across institutions. This collaboration offers blockchain startups scalable cloud services and up to 100,000 AWS credits for developing stronger tokenized finance applications.
In the realm of stablecoins, Plasma, a Tether-anchored public blockchain, has demonstrated its significance. Since its inception, Plasma has attracted net inflows of $7.86 billion, with a notable surge between September 23 and October 1, 2025, reaching a high of $3.5 billion in inflows on September 25. This positive momentum underscores the role of stablecoins in securing decentralized finance (DeFi) ecosystems.
The upcoming Euro Stablecoin, backed by nine leading European banks, is set to launch mid-2026, offering a regulated European alternative to existing stablecoins. Simultaneously, the Cronos-Amazon partnership is fostering the institutionalization of tokenized finance, while Plasma's inflows highlight the growing importance of stablecoins in DeFi.
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