EBA Designates USDC as EU's First Significant E-Money Token Under MiCA
- —USDC is the first of 45 MiCA-notified e-money tokens to reach significant status
- —From 12 November 2026, the EBA takes over reserve and liquidity oversight
- —France's ACPR keeps governance, qualifying holdings and outsourcing supervision
- —USDC has a market capitalisation of about $72.8 billion, second among stablecoins
Why it matters: Significant status imposes stricter reserve and liquidity requirements, setting a precedent for other large stablecoins in the EU.
Source: Coinpaprika News
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