The European Union (EU) is redoubling its efforts in developing a digital euro, influenced by recent US legislative actions on stablecoins. The EU’s decision comes as the US Congress passed the ‘Genius Act,’ impacting the USD 288 billion stablecoin market. In response, the EU is exploring public blockchains like Ethereum or Solana for potential infrastructure of the digital euro, primarily due to privacy concerns regarding private blockchain systems. This strategic shift reflects Europe’s desire to maintain its competitive edge in the financial sphere. The EU is aiming to ensure a robust digital euro strategy while safeguarding its market competitiveness against US-driven innovation.