EU Examines Public Blockchain for Digital Euro Launch

The European Union (EU) is exploring the potential for its planned digital euro to be launched on public blockchain networks such as Ethereum or Solana, a move that could significantly alter previous plans for a centralized system. This shift comes in response to rising concerns about the dominance of dollar-backed stablecoins, which are poised to gain significant traction after the U.S. passed its first federal stablecoin law this summer.