Starting November 12, the European Banking Authority (EBA) will directly oversee Circle Internet Financial Europe SAS, the issuer of USD Coin (USDC) in the EU, following its classification as a significant e-money token under the EU's MiCA regulation. The EBA will manage financial safeguards like reserve assets and liquidity, while France's ACPR retains governance and conflict oversight. This supervisory shift reflects regulatory efforts to strengthen crypto asset oversight in Europe. Circle holds over $72 billion in USDC globally, with reserves split by region. The transition aims to ensure robust financial protections for EU holders of USDC.
Circle Internet Financial Europe SAS and its USDC issuance are the story's subject. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 15, 2026 14:02 WIB: Out of 50 major cryptocurrencies, 3 rose and 46 fell. Notable movers include SXP at Rp37 with a -46.27% change, AXS at Rp17,975 with -12.16%, and ONE at Rp27 with -12.10%.
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