EU Considers Ethereum and Solana as Platforms for a Digital Euro, Report Says
The European Union is reportedly examining major public blockchain networks such as Ethereum and Solana as potential platforms for a digital euro, according to recent reporting. This marks a possible shift away from privately run central bank digital currency (CBDC) models toward infrastructure that would operate on public chains.
Officials are said to be weighing whether to run the digital euro on a public blockchain rather than on a closed, permissioned ledger. Public chains differ from private blockchains in that they are broadly accessible to participants, whereas private models restrict access to authorized entities only.
If the EU moves forward with a public-chain approach, it would represent a significant development for the digital euro program, which has not yet finalized its technical architecture. The consideration comes amid growing concern in Europe about the spread and influence of dollar-pegged stablecoins and the potential implications for the bloc’s financial sovereignty.
Observers point to contrasts with other global CBDC efforts: China’s digital yuan has been developed on a private, centrally controlled system, while many U.S.-linked stablecoin initiatives are driven by private companies. European policymakers are reportedly discussing how different technical choices could affect control, privacy, and interoperability.
The European Central Bank has not publicly confirmed any decision to adopt Ethereum, Solana, or another public network for the digital euro. Media outlets that reported the discussions contacted the ECB for comment but received no immediate response. This remains a developing story and further details may emerge as policymakers continue evaluating options.
