The European Union has announced plans to launch an official stablecoin on the Ethereum blockchain, aiming to enhance the adoption of the digital euro. This initiative represents a significant governmental integration of blockchain technology, with Ethereum chosen for its secure and scalable smart contract capabilities. The stablecoin will be backed and regulated by European authorities, setting it apart from speculative projects. The move is expected to simplify remittances, enable real-time settlements, and integrate traditional finance with decentralized finance (DeFi) protocols, potentially serving as a regulatory model for other regions.