Europe Weighs Ethereum and Solana as Potential Base for its Digital Euro

As the United States accelerates its adoption of stablecoin technology with the GENIUS Act, Europe is facing increased pressure to catch up in the digital currency space. According to the Financial Times, European officials are exploring public blockchain networks such as Ethereum or Solana to power their digital euro initiative instead of a private blockchain. This shift could improve wallet and infrastructure compatibility, potentially expanding access to users. However, this approach also raises concerns regarding privacy, given the high transparency of transactions on public networks.