🇪🇺 The EU accelerates the launch of the digital euro following the enactment of the GENIUS Act on stablecoins in the USA

🖥 The American law regulated the stablecoin market, prompting Brussels to work more actively on its own digital currency

🗣 Both a centralized model and the use of blockchain solutions based on Ethereum or Solana are being considered

💶 The main reason is that dollar-pegged stablecoins fuel demand for USD and weaken the euro's position

💬 ECB representative Piero Cipollone:

"Dollar-pegged stablecoins pose a risk to financial stability and strategic autonomy for Europe. We cannot afford to rely on foreign payment solutions"

#euro #ecb #cbdc #stablecoin #crypto