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EBA Assumes Direct Supervisory Responsibilities for USDC Under MiCA
The European Banking Authority (EBA) has assumed direct supervisory responsibilities for key aspects of USDC, the dollar-backed stablecoin issued in the European Union by Circle Internet Financial Europe SAS. The new arrangement took effect on 12 November 2026, following the EBA’s decision to classify USDC as the European Union’s first significant e-money token (EMT) under the Markets in Crypto-Assets Regulation (MiCA). The classification was announced on 14 October 2026 and
58 minutes ago4 min read
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