Plasma's $7.86B Growth; Cronos Partners AWS; Euro Stablecoin Coming
Plasma, a blockchain tied to Tether, has seen remarkable growth, with total inflows of approximately $7.86 billion since its inception. Meanwhile, Cronos has partnered with Amazon Web Services (AWS) to institutionalize symbolic finance and accelerate real-world assets adoption. In Europe, nine banks are developing a euro stablecoin compliant with MiCA, expected to launch mid-2026.
Plasma's success can be attributed to its reliance on stablecoins in the DeFi ecosystem. The platform leverages deposits on platforms like Aave and Veda, demonstrating how stablecoins contribute to protecting DeFi ecosystems. After an initial surge, Plasma's inflows have stabilized around $1 to $2.5 billion daily, with outflows around $1 billion, resulting in net inflows close to zero by the end of September.
Cronos, aiming to become a preferred blockchain platform for real-world assets by 2025-2026, joined AWS to facilitate the enterprise-level rollout of Real-World Assets (RWAs). The partnership offers emerging blockchain companies scalable cloud services and up to 100,000 AWS credits to build stronger financial applications. The euro stablecoin under development by nine European banks is likely to be classified as an Electronic Money Token (EMT), marking one of the first traditional financial initiatives compliant with the MiCA regime.
Plasma's impressive inflows and stablecoin integration have solidified its position in the DeFi ecosystem. Cronos' partnership with AWS is set to accelerate real-world assets adoption, while the upcoming euro stablecoin promises to be a significant milestone in the institutionalization of symbolic finance.
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