EU Weighs Public Blockchain for Digital Euro Amid U.S. Stablecoin Law Push #
European Union policymakers are accelerating plans for a digital euro in response to the U.S. Genius Act, which offers legal backing to dollar-backed stablecoins. As pressure mounts to preserve the euro’s global relevance, officials are now considering launching the digital euro on public blockchains such as Ethereum or Solana—arguably making it more interoperable and widely accessible, although privacy concerns remain paramount
Previously, the digital euro was expected to be built on a private, centrally controlled infrastructure for security and privacy. The shift toward exploring public blockchain rails represents the most serious consideration to date of decentralized ledger technology for a central bank digital currency in the EU
ECB officials have stressed that no final decision has been made yet, and the European Central Bank continues to evaluate a spectrum of technological models—from centralized to decentralized—before settling on a path forward