EU Shifts Strategy, Eyes Public Blockchains for Digital Euro
In a significant development for central bank digital currencies (CBDCs), the European Union is reportedly evaluating open, decentralized networks like Ethereum and Solana for its digital euro initiative.
The Financial Times reports that the ECB is considering this public blockchain model, a departure from the private, permissioned systems used by other nations.
This exploration represents a critical juncture for the project, signaling a potential embrace of core crypto infrastructure.
As one source noted, this would make the digital euro resemble “what private companies in the US are doing” rather than the tightly controlled model of China’s digital yuan.
The decision hinges on balancing the innovation and resilience of public networks with the regulatory requirements of a central bank, a challenge the ECB is now seriously confronting.
