The European Union decision-makers debate the opportunity to launch the digital Euro on public blockchains while accelerating work on the CBDC in response to the adoption of the engineering law in the United States and fears that he cannot see stable-coated to a dollar dominate cross-border payments, according to The Finanal Times.
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In the past year, the urgency of the Euro digital project has increased in the face of geopolitical challenges, notably the United States increasingly hostile under Donald Trump and concerns about Europe’s dependence in Mastercard and Visa.
According to the FT, the new American law on stablescoin has taken the brand in Europe and has further intensified the pressure to advance the digital euro to counter the risk that America tightens its grip on cross -border payments.
To counter the perceived threat, officials plan to launch the CBDC on public blockchains like Ethereum or Solana.
Previously, the European Central Bank was supposed to promote a private system and controlled centrally for security and confidentiality reasons. However, public blockchains would help the digital euro to compete with dollar stable stables from around the world.
