Circle’s USDC Leads as First Stablecoin Subject to Fall Under New EU Rules
The European Banking Authority has classified Circle’s USDC as the first significant e-money token under the EU’s Markets in Crypto-Assets Regulation.
The designation follows an assessment of the stablecoin against MiCA criteria, including holder numbers, transaction activity, and token value.
From November 12, supervision will be shared between the EBA and France’s banking regulator, the ACPR, with oversight covering key financial safeguards.
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