Europe accelerates digital euro plans after U.S. stablecoin law
The European Union (EU) is quickly accelerating its digital euro plans following the signing of the GENIUS Act, which introduced a number of crypto regulatory changes in the U.S. Most notably, the act established the first comprehensive framework for the $288 billion U.S. stablecoin market, requiring issuers to maintain full liquid-asset reserves, secure licenses, and comply with strict disclosure rules. These changes have sparked concerns worldwide that dollar-backed stablecoins could gain further footing, threatening the euro’s role in cross-border payments in the process. EU officials are accelerating digital euro plans after the US passed its Genius Act stablecoin law, which raised concerns over the euro’s competitiveness. Sources say the ECB is now considering public blockchains like Ethereum $ETH or Solana $SSK. — Wall St Engine (@wallstengine) August 22, 2025 Digital euro on Ethereum and Solana? The European Central Bank (ECB) first propo...