According to Mars Finance news, on August 22, reports from the Financial Times indicate that sources have revealed concerns regarding the competitiveness of European digital currencies following the latest U.S. stablecoin legislation. EU officials are accelerating the planning of the digital euro. Last month, the U.S. Congress passed a landmark bill, the Genius Act, which regulates a stablecoin market worth $288 billion, primarily dominated by the dollar. One participant in the discussions stated that since the passage of the bill, EU officials have been 'rethinking the plans for the digital euro.' Insiders added that due to privacy considerations, officials are currently considering running the digital euro on public blockchains like Ethereum or Solana, rather than the previously expected private blockchains.

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