Circle can delay European USDC redemptions if reserves cannot cross borders
- —The Sept. 15, 2026 policy defines a Stress Event as a failure to rebalance reserves between issuers
- —Authorized providers may face a temporary redemption cap based on last reported USDC holdings
- —Other EEA holders may be limited to tokens verified as EEA-originated before the stress
- —No active reserve-transfer failure or imposed restriction was documented as of Oct. 4
Why it matters: The terms show issuer cash access can be deferred during stress even as the par-value claim persists.
Source: CryptoSlate
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