Nine European Banks Team Up for MiCA-Compliant Euro Stablecoin
Nine leading European banks have joined forces to create a MiCA-compliant Euro stablecoin, set to launch in mid-2026. This initiative, one of the first significant steps by traditional financial institutions to comply with MiCA regulations, aims to categorize the stablecoin as an E-Money Token (EMT).
The collaborative effort involves prominent banks such as ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International. They have established a new company in the Netherlands, seeking licensing and regulation by the Dutch central bank as an electronic money institution.
Meanwhile, the Tether-supported public blockchain, Plasma, has demonstrated its security in DeFi ecosystems. Between September 23 and October 1, 2025, Plasma saw a positive early run, with inflows peaking at 3.5 billion USD on September 25. Since its launch, Plasma has recorded a total of 7.86 billion USD in net inflows. However, inflows have since stabilized at around 1-2.5 billion USD per day, with outflows around 1 billion USD, leading to nearly zero net inflows by the end of September.
Cronos, a blockchain platform, has partnered with Amazon Web Services (AWS) to accelerate the institutional application of Real World Assets (RWAs). This collaboration offers blockchain startups scalable cloud services and up to 100,000 AWS credits, enabling the development of more powerful tokenized financial applications. Cronos aims to establish itself as the preferred blockchain platform for RWAs by its 2025-2026 roadmap.
The development of a MiCA-compliant Euro stablecoin by nine European banks signals a significant step towards regulation in the crypto industry. Plasma's performance demonstrates the security and stability of stablecoins in DeFi ecosystems, while Cronos' partnership with AWS underscores the institutionalization of tokenized financial applications.
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