Europe’s digital‑currency market is evolving into a dual‑track landscape featuring the central‑bank digital euro and private‑sector euro stablecoins. Revolut has previously launched phased tests for EURR in Denmark, Poland and Portugal. This euro stablecoin runs on Ethereum and is issued by Bridge Building, a subsidiary of Stripe. The European Central Bank (ECB) stresses that the digital euro will feature strong‑privacy design: offline payment data will be accessible only to the two transacting parties, and online transactions cannot be directly linked to individuals by the Eurosystem. According to Forbes, Europe is advancing its digital‑payment infrastructure via both public central‑bank digital currency and private stablecoins, to reduce reliance on US‑dollar stablecoins and non‑European payment infrastructure.