#BinancSquare The European Union is considering launching the euro$BNB

digital on the Ethereum or Solana blockchain

The European Union is seriously considering using public blockchain networks such as Ethereum or Solana to issue the digital euro, instead of relying on a closed system, according to what "Financial Times" reported from informed sources.

Although the European Central Bank previously preferred a central model due to privacy concerns, proponents of the public option argue that using open blockchain networks could enhance the adoption of the digital euro and facilitate its trading, especially in cross-border payments.

However, the high transparency of these networks remains a concern, given their nature of publicly recording transactions.

The European Central Bank has confirmed that it is examining all technological options, including decentralized solutions, without making a final decision yet on the design.

This comes amid a European reassessment of the digital currency path following the United States' adoption of the "Genius" law to regulate the stablecoin market, which amounts to $288 billion, raising concerns about the loss of European momentum in the digital payments sector.

"Pierro Cipollone," a member of the Executive Board of the European Central Bank, warned of the risk of increasing reliance on digital currencies linked to the dollar, as it may undermine European financial stability#BinancSquare