EU Plans Digital Euro on Ethereum, Solana After US Stablecoin Act
The European Union has accelerated its digital euro project after the US GENIUS Act codified US dollar-backed stablecoins. EU leaders and the European Central Bank now plan to issue the digital euro on public blockchains—primarily Ethereum (ETH) and Solana (SOL)—to enhance interoperability and cross-border transaction efficiency. With euro-backed stablecoin market cap lagging far behind, the move protects monetary sovereignty and counters US digital currency dominance. Traders can anticipate higher demand for ETH and SOL and the launch of a euro-denominated stablecoin. At the same time, China and Japan are advancing their own CBDC and stablecoin frameworks.
Bullish
Routing the digital euro through Ethereum and Solana networks signals strong institutional backing for these platforms. In the short term, traders may accumulate ETH and SOL on expectations of higher transaction volumes and network fees. Over the long term, integration with a major CBDC can boost on-chain liquidity and demand for block validation services, supporting sustained token value growth. Historical cases of CBDC pilots and regulatory endorsement indicate a positive price impact for native tokens, making this development bullish for both ETH and SOL.