Europe witnesses two-track competition in digital currencies as digital euro and private euro stablecoins advance in parallel
According to Odaily, the European digital currency market is forming a landscape where central bank digital euro and private euro stablecoins develop in parallel. Revolut has previously launched phased testing of EURR in Denmark, Poland, and Portugal. This euro stablecoin operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe. The ECB emphasizes that the digital euro will feature a highly private design—offline payment information will be accessible only to the two transaction parties, and even online transactions cannot be directly linked to individuals by the Eurosystem. Europe is advancing its digital payment system through both public digital currencies and private stablecoins to reduce its reliance on USD stablecoins and non-European payment infrastructures.
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