Regulation· ★★★★· neutral·

EBA Designates USDC as EU's First 'Significant' E-Money Token

  • —USDC becomes the first e-money token deemed 'significant' in the EU
  • —Supervision transfers from ACPR to EBA on Nov. 12
  • —ACPR keeps responsibility for governance and corporate matters
Why it matters: The designation tightens EU oversight of the largest stablecoin and sets a precedent for other issuers under MiCA.
#USDC
Source: The Defiant
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