The European Union is considering the deployment of a digital euro on public blockchains such as Ethereum or Solana, rather than private systems like China's. The goal is to enable the digital euro for global transactions, avoiding dependence on the USD and US stablecoins.

This decision was driven after the US passed the GENIUS Act, legalizing USD stablecoins worth hundreds of billions of USD, causing concern in the EU that the euro will lose its international role. If using public blockchains, the digital euro will be transparent, easy to transact, while still being a sovereign European asset.