Eyes of the European Union Ethereum or Solana to put the digital euro: Report star-news.press/wp

The European Union accelerates its digital project in the euro, and in a noticeable attack, officials weigh whether the distinctive symbol will be released on the general Blockchain – specifically ETAREUM or Solana – especially with a closed special system. The re -evaluation follows the last clip of the American Stablecoin Law (Genius Act) and an increase in the distinctive symbols coded in dollars, which are the developments that took the Brussels fears about the euro role in the scene of increasing symbolic payments.

According to To the times of the Financial Times, “People familiar with the matter added that officials are now considering managing the digital euro on a group of public Blockchain like Ethereum or Solana instead of special.”

Why the European Union suddenly appoints Ethereum and Solana

The axis under the discussion is a departure from the years of the European Central Bank’s references, which emphasized the infrastructure that is controlled tightly to the privacy managed by the European system and in the middle of banks and payment providers.

The direct catalyst, which waives European officials separately, is the competitive pressure: a ripening system, led by the United States, and the network effects of the dollar symbols in trade and markets. The issuance of the general chain-if chosen-aims to increase access and the units in the current encryption economy, although this is with the confrontation of the political trade-off that comes with transparency on the professor’s book without permission.

Piero Cipolline, a member of the Board of Directors of the European Central Bank, Peru Sibolon has repeatedly framing the digital euro as a strategic response to foreign accreditation in payments. In the Paris speech this spring this spring, he argued that the central bank tool “will reduce our dependence on foreign service providers” and warned that the widespread use of the state of the dollar could lead to erosion of “banks, data and deposits” for European banks.

Officially, the European Central Bank describes the digital euro as a “digital equivalent of criticism”, for free for the basic, privacy, and globally accepted throughout the euro-the goals that are considered irregular but strict technology in implementation. Whether it is possible to achieve these goals on a public network that will depend on the design details: portfolio and identity models, and privacy on the chain (it is possible that an open infrastructure will be maintained. The central bank has not committed to a platform and continues to test multiple structures.

General Blockchains is instantly integrated with Global Crypto Stack-Palibel Payments, Distinguished Deposits, Distinguished Bars-along with Liquidity and Deep Tools. But it is also the challenges of the surface policy that the professor’s notebook can be ease more easily: the ability to track the transaction against the user privacy, exposure to crowding at the network level or power outages, and the external governance (for example, protocol promotions, audit incentives, and mev) that prefer controlling control.

European Union officials work, according to FT, through these differentials to prevent the euro from giving up more distinctive symbols of the dollar while maintaining European standards on protecting data and financial stability. No final decision was taken.

The debate on the “public versus the private” should not obscure a point of view: the digital euro remains the responsibility of the central bank – unlike Stablecoins commercial supported by reserves – and will be issued within a legal framework determined by European Union institutions.

In this sense, the current deliberations revolve around the railways instead of the nature of the tool. However, the railways are important. ETHEREUM or Solana choosing effectively will put the euro alongside the dominant dominant ecosystems in the world, with all the advantages of distribution and regulatory questions that involve them.

For Ethereum or Solana, the choice of the European Union will be a strong incentive-and a clear indication that the public bloc has reached the entitlement to the institutional class.

At the time of the press, ETH was traded at $ 4,316.

Distinctive image created with Dall.e, Chart from TradingView.com

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