The European Union is investigating the potential use of public blockchain networks such as Ethereum and Solana for its planned digital euro. This shift indicates a preference for open blockchain technology over private models, like China's Central Bank Digital Currency (CBDC). According to sources, the European Central Bank (ECB) is considering implementing the digital euro on public blockchains, which allow open access and participation, contrasting with private systems where data access is restricted to authorized entities. This consideration aligns with Europe’s ongoing concerns regarding US stablecoin dominance and its impact on the European financial landscape. The ECB has not yet confirmed the specific technology framework for the digital euro, nor its final decision on whether to utilize Ethereum or Solana. The exploration signals a potential milestone for the project's development, particularly as the ECB aims to mitigate risks associated with stablecoins pegged to the US dollar, which currently controls a significant share of the market. This story is still developing, and further updates are expected as the situation progresses.

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