EU Shifts Digital Euro Strategy Amid U.S. Stablecoin Law Scrutiny

Concerns over Europe’s digital currency competitiveness in light of the U.S.’s recent stablecoin legislation have prompted EU officials to accelerate their digital euro plans. Following the passage of this US law, sources reveal that European Union officials are actively reviewing and potentially revising their strategy for the digital euro. This shift is due, in part, to privacy concerns about potential challenges associated with the previously planned private blockchain implementation.