EU to Answer Trump's Stablecoin Push With Digital Euro

The EU must approve a digital euro to counteract the White House’s push for stablecoins. ECB board member Piero Cipollone proposed to double down on this digital currency, as the union will need to contend with the promotion of U.S.-backed dollar stablecoins on a global scale.

Yes, the European Union is exploring and developing a digital euro to counter the pressures of dollar-backed stablecoins. The European Central Bank (ECB) is advancing the Digital Euro project, which aims to provide a secure and efficient digital payment method that complements cash while maintaining monetary stability.