Ethereum News Today: EU Considers Ethereum and Solana for Digital Euro Amid U.S. Stablecoin Pressure

The European Union is accelerating its digital euro initiative, with officials now considering the use of public blockchain networks such as Ethereum and Solana to underpin the design of the digital currency[1]. This shift reflects a broader strategy to enhance the euro’s competitiveness in the evolving global digital finance landscape, particularly as the United States has recently moved to establish a stablecoin regulatory framework[2]. The European Central Bank (ECB) is evaluating public blockchains as a potential infrastructure for the digital euro, marking a departure from earlier plans that focused on private or hybrid systems[3].

European policymakers are under growing pressure to respond to the dominance of U.S. dollar-backed stablecoins in cross-border transactions. Many fear that without a robust digital euro, the region could lose influence in international financial systems and cede ground to U.S.-controlled digital assets[4]. As a result, the ECB is now evaluating both centralized and decentralized technologies, with public blockchains emerging as a viable option[5]. The exploration of Ethereum and Solana highlights the EU’s interest in leveraging existing, well-established blockchain infrastructures to ensure fast adoption and global interoperability[6].

These networks are known for their scalability and developer ecosystems, which could facilitate broader integration with decentralized applications and cross-border payment systems[7]. However, the use of public blockchains introduces challenges related to privacy, as transaction data on these networks is typically more transparent than in traditional banking or private systems[8]. The ECB has not yet made a final decision on the technological approach for the digital euro, but the urgency of the situation is evident[9].

Officials have emphasized the need for speed, with ECB President Christine Lagarde urging lawmakers to move swiftly to establish a regulatory framework that supports the digital euro while safeguarding financial stability[10]. At the same time, the EU is also finalizing its Markets in Crypto-Assets (MiCA) regulation, a comprehensive legal structure that will govern stablecoins and other digital assets within the bloc[11]. The debate over the digital euro also raises broader questions about financial sovereignty and the future of money[12].

By embracing public blockchain solutions, the EU could align with global technological trends and foster a more open digital economy. However, this path requires careful balancing of innovation with regulatory control and user privacy expectations. As the ECB and European lawmakers navigate these decisions, the coming months will be critical in determining the direction of the digital euro. The choice of technology—whether public, private, or a hybrid model—will shape how the digital euro is adopted and how it competes in the global digital currency landscape[13].

Sources:

[1] https://cointelegraph.com/news/europe-mulls-ethereum-solana-digital-euro-launch

[2] https://news.bitcoin.com/eu-accelerates-digital-euro-plans-considering-ethereum-and-solana-for-public-blockchain-implementation/

[3] https://coincentral.com/ethereum-solana-in-focus-as-eu-pushes-forward-digital-euro-plan/

[4] https://startupnews.fyi/2025/08/22/europe-mulls-ethereum-solana-for-digital-euro-report/

[5] https://coinpedia.org/crypto-live-news/eu-pushes-ahead-with-digital-euro-eyes-blockchain-future/

[6] https://cryptonews.com/news/digital-euro-eu-explores-ethereum-or-solana-as-us-stablecoin-law-raises-pressure/

[7] https://www.ainvest.com/news/ethereum-news-today-eu-considers-public-blockchains-digital-euro-global-competition-2508/

[8] https://www.binance.com/en/square/post/08-22-2025-eu-officials-reevaluate-digital-euro-strategy-amid-u-s-stablecoin-legislation-28644372244929

[9] https://coinfomania.com/digital-euro-stablecoin/