According to Friday Report By the Financial Times, the European Union could launch a digital euro project that has become a hot topic in Ethereum or Solana instead of choosing a private blockchain.
Issuing a digital euro on a public blockchain could significantly improve its accessibility, but there are some concerns about privacy-related issues.
Leading the EU to action
The world's largest trade bloc is rattling with the rapid passage of the Genius Act, the comprehensive stable coin law in the United States.
The EU is currently worried that it could fall behind the US with Stablecoin Race, which has urged authorities to accelerate the development of the digital euro.
Officials say the rapid embrace of the US stubcoin sector could threaten euro control within the EU.
There are several euro-collateralized stubcoins, but the market capitalization represents what was supported by a mere dollar.
Global Stub Coin Race
As Reported by U.Todayeven China, known as one of the most anti-cryptic jurisdictions, is reportedly contemplating the ex-reply, ex-supporting silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly, silly,
Japan, the fifth largest economy, recently approved stablecoin, which was imposed in the first dollar.
