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U.S. GENIUS Law Jolts EU Into Rethinking Digital Euro Strategy: FT

Recently, the European Union accelerated its digital euro plans, with the European Central Bank increasing engagement with market stakeholders to safeguard the euro's role in a digitizing world.
The GENIUS Act established a framework last month for the $288 billion stablecoin sector, after U.S. Congress approved it and President Trump signed it into law.
Over 70 participants are now engaged as Christine Lagarde, President of the European Central Bank, evaluates centralised and decentralised technologies including distributed ledger technologies like Ethereum and Solana.
As a result, policymakers expect the initiative to reduce reliance on Visa and Mastercard, while officials warn dollar-pegged stablecoins may threaten the euro's cross-border role.
Debate centers on public versus private ledger designs as officials consider public blockchains like Ethereum or Solana to enhance digital euro utility, while critics warn of privacy risks compared to closed systems like China's digital yuan.

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der Standard AT

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der Standard DE

Lean Left

Stablecoin Boom in the u.s. Inciting Beijing

Donald Trump's "Genius" law regulates the deal with stablecoins linked to the dollar. The Chinese government wants to follow up with a Chinese stablecoin

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Coin Desk

Center

U.S. GENIUS Law Jolts EU Into Rethinking Digital Euro Strategy: FT

The GENIUS Act's passage caught many in Europe off guard and sparked concerns dollar-backed stablecoins could tighten America’s grip on cross-border payments.

2 days ago·Manila, Philippines

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watcher.guru

Center

US Stablecoin Laws Push EU To Speed Up Digital Euro

The EU is pushing for the digital euro's quick launch after the US passed its stablecoin act last month. Let's discuss what's happening.

2 days ago

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Digital Currency Run: Eu Speeds up Plans for a Different Euro

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Business Insider (Poland)

The Euro Currency in a New Guise? the Eu Reacts to the Us Move.

We may soon be able to pay with digital euros. The introduction of such a solution has been discussed for a long time, but there have been no tangible results. According to the Financial Times, European officials are accelerating work on the digital euro following the passage of a stablecoin law in the US.

2 days ago

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The Defiant

EU Weighs Ethereum or Solana as It Fast-Tracks Digital Euro

European Union officials have accelerated work on a digital version of the single currency after the United States enacted its ‘Genius Act’, a federal law that sets ground rules for dollar-backed stablecoins

2 days ago

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