EU officials are considering issuing a digital Euro on public blockchains such as Ethereum or Solana.

BlockBeats News, August 22nd. According to the Financial Times, sources revealed that the latest stablecoin legislation in the United States has raised concerns about the competitive position of the European digital currency. European Union officials are accelerating the planning of the digital euro. Last month, the U.S. Congress passed a landmark Genius Act to regulate the $288 billion market dominated by the U.S. dollar in the stablecoin market. A person involved in the discussions stated that since the enactment of this legislation, EU officials have been "rethinking the plans for the digital euro."

The sources added that due to privacy considerations, officials are currently considering running the digital euro on public blockchains such as Ethereum or Solana, rather than the previously anticipated private blockchain.