Digital Euro & Blockchain - EU is considering a stablecoin on a public blockchain instead of a CBDC [1] - Ethereum (ETH) or Solana (SOL) are potential blockchain candidates [2] - A euro stablecoin backed by a state actor changes the landscape compared to private stablecoins like Tether & Circle [1] Implications for Blockchain Networks - Launching a digital euro on Ethereum or Solana would transform them into critical financial infrastructure [1] - Currently neutral chains, ETH & SOL would require Europe to actively secure and develop them [1] - Europe would need to run validators, stake at scale, secure the network, and contribute to resilience via public funding [2] Global Competition - The EU's move could trigger a global race for ETH/SOL if other countries like China and Japan launch their own stablecoins on public chains [1] Regulatory Context - The "Genius Act" influenced EU officials to rethink plans for the digital euro [2]