The European Union is accelerating the development and launch of its digital euro stablecoin, aiming for deployment as early as October 2025. This move follows the United States' passage of a landmark stablecoin law, known as the GENIUS Act, which has intensified pressure on the EU to maintain financial competitiveness and sovereignty. European policymakers and the European Central Bank (ECB) are considering issuing the digital euro on public blockchain platforms such as Ethereum or Solana, shifting away from previously favored closed, centralized systems. The decision to explore public blockchains is partly motivated by concerns that American legislation could spur the growth of USD-denominated tokens and further strengthen the dollar's dominance. The ECB has allocated a budget exceeding one billion euros for the digital euro project, with plans to acquire software from Accenture, although a clear adoption strategy has yet to be established. The digital euro initiative is also viewed within the broader context of a new currency rivalry involving the US stablecoin framework and China's digital yuan, highlighting the geopolitical and monetary discipline implications for Europe. Discussions continue about the potential regulatory and societal impacts of the digital euro, including its influence on privacy and consumer behavior.