**[Forbes: Europe Advances Dual Development of Digital Euro and Private Euro Stablecoins]**
According to Forbes, Europe is building a digital currency system that complies with regulatory and privacy standards, forming a parallel path for the digital euro and private euro stablecoins. Piero Cipollone, a member of the European Central Bank's Executive Board, stated that the digital euro will offer a high level of privacy, with offline payments visible only to the payer and payee, and online transactions ensuring the euro system cannot identify individuals.
Revolut has introduced the Ethereum-based EURR to select users in Denmark, Poland, and Portugal. The token is issued by Bridge Building, a subsidiary of Stripe. The digital euro is a public currency issued by the central bank, while EURR is a privately issued on-chain stablecoin. The two compete in terms of privacy, usability, regulatory clarity, and economic value.