{"id":48679,"date":"2025-08-22T10:49:21","date_gmt":"2025-08-22T07:49:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=48679"},"modified":"2025-08-22T10:49:21","modified_gmt":"2025-08-22T07:49:21","slug":"the-european-commission-takes-major-blockchain-step-for-digital-euro","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/the-european-commission-takes-major-blockchain-step-for-digital-euro\/","title":{"rendered":"The European Commission Takes Major Blockchain Step for Digital Euro"},"content":{"rendered":"<p>The European Union is considering launching the <strong>digital euro<\/strong> on public blockchains such as Ethereum and Solana. According to the Financial Times, the European Central Bank (<strong>ECB<\/strong>), which previously focused on closed and private systems, is now exploring transparent blockchains that offer global accessibility.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/the-european-commission-takes-major-blockchain-step-for-digital-euro\/#Privacy_Concerns_and_Strategic_Opportunities\" title=\"Privacy Concerns and Strategic Opportunities\">Privacy Concerns and Strategic Opportunities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/the-european-commission-takes-major-blockchain-step-for-digital-euro\/#A_Response_to_US_Stablecoin_Dominance\" title=\"A Response to U.S. Stablecoin Dominance\">A Response to U.S. Stablecoin Dominance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/the-european-commission-takes-major-blockchain-step-for-digital-euro\/#Parallel_Moves_in_China\" title=\"Parallel Moves in China\">Parallel Moves in China<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Privacy_Concerns_and_Strategic_Opportunities\"><\/span>Privacy Concerns and Strategic Opportunities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Officials acknowledge that full transaction transparency on public blockchains poses privacy risks. However, advocates argue that operating the digital euro on an open chain could accelerate adoption, enhance cross-border payment efficiency, and strengthen the euro\u2019s global role.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Response_to_US_Stablecoin_Dominance\"><\/span>A Response to U.S. Stablecoin Dominance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Following comprehensive <strong>U.S.<\/strong> regulations over the $277 billion stablecoin market, European policymakers are concerned about falling behind in digital payments. ECB board member Piero Cipollone warned that the growth of dollar-backed tokens could shift euro deposits abroad, threatening Europe\u2019s financial stability.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Parallel_Moves_in_China\"><\/span>Parallel Moves in China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Similar to Europe, <strong>China<\/strong> is taking steps to counter the global dominance of dollar-backed stablecoins. Beijing aims to promote the international use of yuan-backed stablecoins and balance the U.S. dollar\u2019s global influence.<\/p>\n<p>Unlike private euro stablecoins, the digital euro would carry direct ECB backing, offering a trusted public option. While the ECB\u2019s final design is not yet confirmed, public blockchains like Ethereum and Solana could play a critical role in Europe\u2019s digital currency strategy<\/p>\n<p>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/p>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The European Union is considering launching the digital euro on public blockchains such as Ethereum and Solana. According to the Financial Times, the European Central Bank (ECB), which previously focused on closed and private systems, is now exploring transparent blockchains that offer global accessibility. Privacy Concerns and Strategic Opportunities Officials acknowledge that full transaction transparency<\/p>\n","protected":false},"author":37,"featured_media":41391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[236,192,393,5384,58,5760,105,1985,501,319,488,119,85],"class_list":["post-48679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altcoin","tag-blockchain","tag-crypto","tag-crypto-investment","tag-cryptocurrency","tag-digital-assets","tag-ethereum","tag-eu","tag-investment","tag-solana","tag-stablecoin","tag-usdt","tag-web3"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The European Commission Takes Major Blockchain Step for Digital<\/title>\n<meta name=\"description\" content=\"The European Union is considering launching the digital euro on public blockchains such as Ethereum and Solana. 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