EU Rethinks Digital Euro Strategy After U.S. Stablecoin Push

European Central Bank (ECB) officials are taking a closer look at their digital euro strategy in light of the recent U.S. stablecoin legislation. This shift comes as European authorities explore using public blockchains like Ethereum or Solana for the digital euro, an alternative to the previously anticipated private blockchain solutions. These changes stem from privacy concerns about private blockchain networks. While the ECB confirms it’s considering various technologies, including centralized, decentralized, and distributed ledger technologies, no concrete decision has been made on the future development framework for the digital euro.