The European Central Bank is exploring running digital euros on public chains such as Ethereum
Internet reports that the European Central Bank is considering running digital euros on public chains such as Ethereum rather than private chains, the Financial Times reported on Friday, citing people familiar with the matter. Unlike private chains, where data is strictly restricted to authorized entities, public chains like Ethereum or Solana are open to everyone. Given that the European Central Bank has not yet finalized the technical framework of the project, if confirmed, the EU's exploration of the public chain will become an important milestone in the development of the digital euro. Another person said the private form of the digital euro "looks more like what the central bank of China does than what private companies do in the United States." This person specifically mentioned China's central bank digital currency (CBDC), which is privately deployed, in contrast to publicly owned stablecoins developed by companies such as Circle. The European Central Bank has not publicly confirmed whether it is considering Ethereum or Solana.
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