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EU looks at public blockchains like Ethereum and Solana for digital euro rollout
EU considers using public blockchains like Ethereum or Solana for the digital euro, aiming to boost financial sovereignty and adoption.
EU officials are weighing whether to issue a digital euro on a public blockchain such as Ethereum or Solana instead of a private system, the Financial Times reported Friday, citing people familiar with the consideration. The ECB confirmed it is studying both centralized and decentralized technologies, including blockchain-based approaches, as it accelerates its digital euro development plans. ECB executive board member Piero Cipollone has warned that the growth of dollar-pegged tokens could undermine Europe’s financial stability and autonomy by shifting euro deposits overseas and further entrenching the dollar in international transactions.
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