EU Tightens Digital Euro Agenda as US Stablecoin Law Fuels Regulatory Action

The recent passage of the U.S. GENIUS Act, a comprehensive regulatory framework for stablecoins worth $288 billion and dominated by dollar-pegged tokens like Tether’s USDT and Circle’s USDC, has prompted European policymakers to accelerate their digital euro strategy. The Financial Times reports that this move by American lawmakers has intensified pressure on the EU to speed up its efforts to launch a central bank digital currency (CBDC) amidst concerns about America’s growing influence on international payments.