EU Officials Reevaluate Digital Euro Strategy Amid U.S. Stablecoin Legislation

According to Foresight News, the Financial Times reports that the recent U.S. stablecoin legislation has raised concerns about Europe's digital currency competitiveness. In response, European Union officials are accelerating plans for the digital euro. Since the passage of the U.S. law, EU officials have been "rethinking the digital euro's strategy." Sources indicate that, due to privacy considerations, officials are now contemplating operating the digital euro on public blockchains like Ethereum or Solana, rather than the previously anticipated private blockchain.