Overview

• Financial Times reporting says EU officials are evaluating issuing a retail digital euro on public blockchains such as Ethereum or Solana rather than a private system.
• The European Central Bank confirmed it is assessing both centralized and decentralized designs and has not selected a technical architecture.
• Passage of the U.S. GENIUS Act and the dominance of dollar‑pegged stablecoins have accelerated the EU’s reassessment to safeguard the euro’s role in digital payments.
• Officials are weighing transparency and privacy trade‑offs on open networks while continuing work on privacy thresholds, holding limits, offline use, and distribution via supervised intermediaries.
• ECB executive board member Piero Cipollone has warned that widespread use of dollar‑denominated tokens could shift euro deposits overseas and weaken Europe’s financial autonomy.