The European Parliament supports the creation of a digital euro, aimed at enhancing the monetary sovereignty of the EU and competing with the rise of dollar stablecoins. According to NS3, the digital euro will be centrally controlled by the European Central Bank, designed for both online and offline use, prioritizing user privacy, similar to cash. Although euro stablecoins will continue to exist, the digital euro is expected to play a core role, with significant growth anticipated in the euro-backed stablecoin market by 2030.