European officials have intensified work on the implementation of the digital euro (CBDC) after the US Congress passed a historic law last month regulating the stablecoin market, valued at approximately $288 billion, according to the Financial Times.

According to FT, among the new options under discussion is the launch of the digital euro not on a private blockchain, as was previously expected, but on a public one — Ethereum $ETH or Solana $SOL .

This will promote the global use of digital currency, but at the same time raises concerns about transaction transparency and privacy risks.

According to one participant in the discussions, after the passage of the so-called GENIUS Act, EU officials began to rethink plans for the digital euro.