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EU classifies Circle's USDC stablecoin as higher-tier e-money under MiCA, increasing regulatory oversight.

Market News
15 Oct 2026
Blockonomi
View Source
Neutral
EU classifies Circle's USDC stablecoin as higher-tier e-money under MiCA, increasing regulatory oversight.

The European Banking Authority (EBA) has classified Circle's USDC stablecoin as a higher-tier e-money token under the EU's Markets in Crypto Assets (MiCA) regulations. This new status means USDC will be jointly supervised by the EBA and France's Autorité de Contrôle Prudentiel et de Résolution, subjecting it to closer regulatory scrutiny. USDC, the world's second-largest stablecoin with a market cap of around $73 billion, joins a small group of 46 e-money tokens in the EU. This move reflects growing demand for regulated US dollar-pegged stablecoins in Europe, even as the European Central Bank continues to explore launching a digital euro potentially by 2029.

The EU regulator's classification of Circle's USDC stablecoin under MiCA oversight rules provides context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 15, 2026 16:51 WIB: out of 50 priced major cryptocurrencies tradable on Pluang, 5 rose and 44 fell today. Notable movers include BAT (Basic Attention Token) at Rp3.134 with a 1-day change of -8.88% and Pluang order activity of 22% Sell / 78% Buy, ALGO (Algorand) at Rp1.956 with a 1-day change of -8.85% and Pluang order activity of 25% Sell / 75% Buy, and FIL (Filecoin) at Rp18.665 with a 1-day change of -8.33% and Pluang order activity of 61% Sell / 39% Buy.

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