Regulation· ★★★★· neutral·

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

  • —USDC is the first of 45 EU-registered e-money tokens to meet the significance threshold
  • —From Nov. 12 the EBA oversees capital, reserves, liquidity and recovery plans
  • —Governance, holdings and outsourcing stay with the ACPR in Paris
  • —USDC's market cap is about $73 billion, second only to USDT at $184 billion
Why it matters: A top stablecoin now falls under direct EU supervision for the first time, setting a precedent for the other 44 tokens and raising regulatory pressure on the market.
#USDC#USDT
Source: Kryptoszene
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