EU Races Ahead with Digital Euro Amid U.S. Stablecoin Regulation Push

Facing pressure from the U.S.’s recent stablecoin regulations, the European Union is accelerating its development of a digital euro. The new legislation in the US has ignited concerns in Brussels about Europe’s ability to compete effectively in the cryptocurrency market. 💰 💻 The EU is now evaluating whether to develop the digital euro within a closed system controlled by the ECB or on public blockchains such as Ethereum or Solana.