U.S. Stablecoin Law Jolts EU Into Rethinking Digital Euro Strategy: FT

European Union policymakers are discussing ramping up efforts to introduce a digital euro as the U.S.’ new stablecoin law intensifies pressure on the bloc to keep up the pace in the fast-moving world of digital money, the Financial Times reported,

The U.S. Congress last month approved the GENIUS Act, a framework for the $288 billion stablecoin sector dominated by dollar-pegged tokens like Tether’s USDT and Circle Internet’s (CRCL) USDC. The move caught many in Europe off guard, according to people familiar with the talks, and sparked concerns that dollar-pegged tokens could tighten America’s grip on cross-border payments if the EU doesn’t accelerate its own plans.

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In a notable shift, officials are now weighing whether to launch the central bank digital

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