US Stablecoin Bill Spurs EU to Accelerate Digital Euro Plans

According to Jinse Finance, the new US stablecoin bill has sparked concerns in Europe about the competitiveness of digital currencies, prompting EU officials to accelerate plans for the digital euro. Last month, the US Congress passed the Genius Act, which regulates the $288 billion stablecoin market. Sources indicate that since the bill's passage, EU officials have been re-evaluating the digital euro initiative and are considering operating it on public blockchains such as Ethereum or Solana. (Jin10)