Reports suggest that the EU is studying major public blockchain networks like Ethereum and Solana to design its digital euro.
The Financial Times reported that the European Central Bank (ECB) is currently considering whether to run the digital euro on a public blockchain like Ethereum rather than on a private blockchain.
If the use of public blockchains is confirmed, it would be an important milestone in the development of the digital euro, as the ECB has not finalized the project's technical framework.
Public mode compared to US stablecoins
Officials participating in the discussion stated that using public blockchains 'is absolutely an option they are considering more seriously now.'
Other sources indicate that the private form of the digital euro will resemble the approach of the Chinese central bank rather than that of private US companies.
China's central bank digital currency (CBDC) is privately deployed, whereas publicly running stablecoins are developed by US companies.
Europe is increasingly concerned about the US stablecoin plans promoted by the Trump administration and their impact on the autonomy of the European financial system.
In April this year, ECB Executive Board member Piero Cipollone called for a reduction in the use of stablecoins in Europe by introducing a digital euro, as dollar-pegged stablecoins account for 98% of the market share.
The ECB has not publicly confirmed whether it is considering Ethereum or Solana. Cointelegraph has contacted the ECB for comments but has not received a response as of publication.
This matter is still developing, and further information will be updated accordingly.
