Circle’s USDC has become the first stablecoin in the European Union to be classified as a significant e-money token under MiCA regulation. The European Banking Authority will take over direct supervision of USDC from November 12, 2026, overseeing capital requirements, asset reserves, and liquidity. The token is currently supervised by France’s ACPR, which will retain oversight of governance and conflicts of interest. Strategic partnerships with BNY Mellon, Binance, and Samsung aim to expand the stablecoin’s global reach.
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