The European Central Bank is considering running a digital euro on public blockchains such as Ethereum, rather than private blockchains, the Financial Times reported on Friday, citing people familiar with the matter. Unlike private blockchains, where data is strictly limited to authorized entities, public blockchains such as Ethereum or Solana are open to everyone. Given that the ECB has not yet finalized the technical framework of the project, if confirmed, the European Union's exploration of public blockchains would be an important milestone in the development of the digital euro.
Another person said a privately held digital euro "looks more like what the PBoC does than what private companies in the US do". The person singled out China's central bank digital currency (CBDC), which is privately deployed in contrast to public stablecoins developed by companies such as Circle. The ECB has not publicly confirmed whether it is considering Ethereum or Solana.
The European Central Bank is exploring running a digital euro on public blockchains such as Ethereum
2025-08-22 08:33:20
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