The European Union is accelerating plans to create a digital euro in the form of a stablecoin, which could be launched on Ethereum or Solana blockchains. This was reported by sources on X, indicating the EU's desire to strengthen the euro's position amid the growing popularity of dollar stablecoins. According to Standard Chartered forecasts, the stablecoin market could grow to $2 trillion by 2028, raising concerns in the EU about dollar dominance.
Italy's Minister of Economy Giancarlo Giorgetti called dollar stablecoins a greater threat than US trade tariffs. The European Central Bank is actively working on a digital euro for online payments and transfers within the EU. The new MiCA rules require that stablecoins traded on EU exchanges be issued by licensed issuers from the EU, limiting the influence of foreign tokens.
The digital euro could become a decentralized tool, combining the stability of fiat currency with the advantages of blockchain — speed and low fees. However, critics warn about risks to financial anonymity due to transaction tracking. Will this change the cryptocurrency market? Stay tuned for news!
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