On August 22, reports indicate that EU officials are hastening plans for a digital euro in light of the new US stablecoin legislation. The Genius Act, which regulates a $288 billion stablecoin market, has spurred worries about Europe’s digital currency competitiveness.
In response, EU officials are re-evaluating their approach to the digital euro. Citing privacy concerns, they are considering deploying the digital euro on public blockchains such as Ethereum and Solana, rather than relying on private blockchain solutions.
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