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In a year when stablecoin volume surged to nearly $30 trillion, surpassing Visa and Mastercard combined—the European Union is building a digital wallet that can’t hold them.
The EU Digital Identity Wallet is one of the most ambitious digital public infrastructure projects underway anywhere in the world. Set to roll out across 27 Member States by 2026, it will allow hundreds of millions of citizens and residents to verify who they are, digitally sign contracts, and store credentials like diplomas and health records, as well as handling payments, all from one secure location. It is private, interoperable, and legally binding across borders.
However, while the EUDI Wallet supports payments, it does so only via traditional rails: bank accounts, credit cards, and SEPA transfers, ignoring the growing role of stablecoins and decentralized finance more broadly.
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