US stablecoin bill prompts European Union to accelerate digital euro planning
2025-08-22 04:10:47
European Union officials are speeding up plans for a digital euro after a new U.S. stablecoin bill sparked concerns in Europe about the competitiveness of digital currencies. Last month, the U.S. Congress passed the Genius Act to regulate the $288 billion stablecoin market. Since the bill's passage, European Union officials have been rethinking plans for a digital euro and considering running it on public blockchains like Ethereum or Solana, according to people familiar with the matter.
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