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EU Accelerates Digital Euro Plan in Response to US Stablecoin Legislation

Summary: According to reports from sources, the new stablecoin legislation in the United States has raised concerns in Europe about the competitiveness of digital currencies, prompting EU officials to expedite the planning of a digital euro. Last month, the US Congress passed the Genius Act to regulate the $288 billion stablecoin market. Insiders have indicated that ...

According to reports from sources, the new stablecoin legislation in the United States has raised concerns in Europe about the competitiveness of digital currencies, prompting EU officials to expedite the planning of a digital euro. Last month, the US Congress passed the Genius Act to regulate the $288 billion stablecoin market. Insiders have indicated that since the passage of this legislation, EU officials have been reconsidering their plans for a digital euro and are considering running it on public blockchains such as Ethereum or Solana.

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Link: EU Accelerates Digital Euro Plan in Response to US Stablecoin Legislation [Copy]

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