U.S. Dollar Dominance Prompts EU to Rethink Digital Euro on Ethereum or Solana After New U.S. Stablecoin Law

COINOTAG News — Aug. 22: Financial Times-reported sources say recent stablecoin legislation in the United States has prompted EU policymakers to expedite planning for the digital euro. Following enactment of the U.S. Genius Act, which establishes a federal framework for the roughly $288 billion stablecoin market dominated by the U.S. dollar, officials are reassessing technical architecture. Participants cited privacy and regulatory considerations as drivers behind a shift away from a proprietary ledger toward trials on public blockchains such as Ethereum or Solana. EU authorities are concentrating on governance, privacy-preserving features and cross-jurisdictional compliance as they refine the digital-euro roadmap.