The European Central Bank is exploring the operation of the digital euro on public blockchains such as Ethereum.

[The European Central Bank is exploring running the digital euro on public blockchains like Ethereum] According to a report by the Financial Times on Friday, citing informed sources, the European Central Bank is considering running the digital euro on public blockchains like Ethereum, rather than on private blockchains. Unlike private blockchains, where data is strictly limited to authorized entities, public blockchains like Ethereum or Solana are open to everyone. Given that the European Central Bank has not yet finalized the technical framework for the project, if confirmed, the EU's exploration of public blockchains will become an important milestone in the development of the digital euro. Another person stated that a private form of digital euro "looks more like the approach of the Central Bank of China rather than that of private enterprises in the United States." This individual specifically mentioned China's central bank digital currency (CBDC), which is privately deployed, contrasting with public stablecoins developed by companies like Circle. The European Central Bank has not publicly confirmed whether it is considering Ethereum or Solana.