The U.S. stablecoin bill prompts the EU to accelerate its digital euro planning

ChainCatcher news, according to Jinshi reports, the new stablecoin legislation in the United States has raised concerns in Europe about the competitiveness of digital currencies, and EU officials are accelerating the planning of the digital euro. Last month, the U.S. Congress passed the Genius Act, which regulates the $288 billion stablecoin market. Sources indicate that since the passage of this legislation, EU officials have been rethinking the digital euro plan and considering operating it on public blockchains such as Ethereum or Solana.