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EU classifies USDC as first significant e-money token under MiCA with new oversight from EBA.

Market News
15 Oct 2026
Dailycoin
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Neutral
EU classifies USDC as first significant e-money token under MiCA with new oversight from EBA.

The European Banking Authority (EBA) has designated Circle's USDC stablecoin as the EU's first significant e-money token under the Markets in Crypto-Assets Regulation (MiCA), effective November 12. This classification shifts direct supervision of USDC's reserves, liquidity, and financial safeguards to the EBA, while France's ACPR retains governance and conflict oversight. The move marks a regulatory milestone, enhancing EU oversight of stablecoins without altering USDC's dollar peg. It also includes cooperation agreements with US regulators for cross-border stablecoin activities.

USDC classification by the European Banking Authority is notable. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 15, 2026 15:21 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. MANA priced at Rp1.516 dropped 9.76%, GRT at Rp428 fell 9.71%, and SNX at Rp3.886 declined 9.63%.

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