# EU Considering Public Blockchain for Digital Euro: FT

*Author: Lucas Matney*
*Published: Aug 22, 2025*
*Source: https://www.bankless.com/read/eu-considering-public-blockchain-for-digital-euro-ft*

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European officials are weighing whether to deploy the forthcoming digital euro on a public blockchain like Ethereum or Solana, marking a sharp departure from earlier expectations of a closed system, the [Financial Times](https://www.ft.com/content/8ad60169-d1e5-4d2c-b928-d53d668f0ec6) reports.

## What’s the Scoop?
- **Policy Rethink:** EU insiders told FT that the GENIUS Act, which established a federal stablecoin framework, has pushed Brussels to speed up its digital euro timeline and explore public chain deployments.
- **Public vs Private:** A blockchain-based euro could circulate globally and compete directly with dollar-backed stablecoins, but may raise privacy concerns since transactions are visible onchain.
- **Strategic Concerns:** Officials fear the U.S. law will accelerate the dominance of dollar-pegged stablecoins, putting pressure on the euro’s role in cross-border payments.
- **ECB Position:** The central bank confirmed it is evaluating both centralized and decentralized technologies, without committing to a final design.

### Bankless Take:
It is time for the legacy financial system to evolve. Stablecoins are a clear adoption nexus for blockchain technologies, and although worries about central bank digital currencies persist, the launch of an ECB digital euro on public blockchains would be undeniably historic.

> EU speeds up plans for digital euro after US passes stablecoin law [https://t.co/RCJycIzhzb](https://t.co/RCJycIzhzb)— Financial Times (@FT) [August 22, 2025](https://twitter.com/FT/status/1958743600503706039?ref_src=twsrc%5Etfw)