EU Banking Regulator Takes Over Key Oversight of Circle's USDC Stablecoin
- —EU banking regulator gains supervisory authority over Circle's USDC
- —USDC is the second-largest stablecoin by market cap after USDT
- —The oversight shift comes under MiCA stablecoin rules
Why it matters: The move sets a precedent for stablecoin regulation in Europe and could affect USDC's availability and compliance across the EU market.
Source: Google News (crypto query)
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