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The European Union is accelerating its digital euro project and considering public blockchains like Ethereum and Solana for issuance. This strategic move aims to counter the dominance of dollar-pegged stablecoins and enhance the euro’s role in digital payments. The ECB’s preparation phase continues through 2025 with no final technology decision yet made.
- ECB considering Ethereum and Solana for digital euro issuance as part of technology-neutral approach
- Preparation phase ongoing through October 2025 with decision on issuance requiring EU legislation
- MiCA regulation already provides framework for supervising euro-denominated tokens and service providers
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