European officials are assessing the potential of issuing a digital euro on public blockchains such as Ethereum and Solana, diverging from previous centralized models.
The passage of U.S. Stablecoin legislation has propelled Europe to expedite plans for the digital euro, raising concerns about overshadowing the euro in global finance.
Key issues include privacy related to GDPR, governance challenges with public blockchains, and risks to banking stability if the euro token gains wide adoption.
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