The debate over the future of digital currencies in Europe is intensifying, with IOTA co-founder Dominik Schiener criticizing the European Central Bank's (ECB) digital euro proposal. Schiener is concerned about the ECB's reluctance to fully adopt blockchain technology, believing it could hinder Europe's competitive edge. Meanwhile, the US is advancing with stablecoins tied to the dollar, with President Donald Trump promoting their growth globally. A member of the ECB warned that this move by the US could attract customers away from European banks, prompting calls for the ECB to consider launching a digital euro. However, Schiener and others are frustrated with Europe's approach, arguing that the region should prioritize blockchain and other technologies to remain competitive. The decisions made now regarding digital currencies could determine whether Europe stays competitive or falls behind.



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