EU Reassesses Digital Euro Issuance Strategy… Discussions on Utilizing Ethereum and Solana
Suehyeon Lee
Summary
- The European Central Bank (ECB) has reported that it is reconsidering its digital euro issuance strategy.
- The ECB revealed that it is discussing the potential use of public blockchains such as Ethereum (ETH) and Solana (SOL).
- It was reported that adopting public blockchains could significantly expand accessibility and global competitiveness.
It has been revealed that the European Union (EU) has started to respond belatedly to the passage of the U.S. stablecoin bill, the GENIUS Act.
According to a Financial Times (FT) report cited by Wu Blockchain on the 23rd (local time), the European Central Bank (ECB) is reconsidering its digital euro issuance strategy in light of the U.S. stablecoin legislation.
The ECB is reportedly discussing the potential use of public blockchains such as Ethereum (ETH) or Solana (SOL) instead of the previously preferred closed, centralized systems. This is because issuing the digital euro on a public blockchain could greatly expand accessibility and global competitiveness.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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