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EU classifies USDC as major e-money token under MiCA, shifting issuer supervision to EBA from Nov 2026

Market News
09 Nov 2026, 11:17 WIB
Blockonomi
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Neutral
EU classifies USDC as major e-money token under MiCA, shifting issuer supervision to EBA from Nov 2026

The European Banking Authority (EBA) has classified USDC as a significant e-money token under the EU's MiCA regulation, effective from November 12, 2026. This means the EBA will directly supervise the issuer's financial safeguards, including reserves and liquidity, taking over some responsibilities from France's ACPR. However, this change affects only the issuer's regulation, not the casinos or payment providers accepting USDC, which remain under separate national gambling and crypto-payment rules. The new status may lead to stricter compliance expectations for stablecoins but does not alter how USDC transactions are handled at online casinos.

USDC's new classification as a significant e-money token in Europe provides context for crypto market activity. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Nov 09, 2026 16:01 WIB: out of 50 major cryptocurrencies priced on Pluang, 6 rose and 43 fell today. Notable movers include ALGO at Rp1.637 with a 1-day change of -4.94% and a Pluang order activity split of 73% Sell / 27% Buy, SNX at Rp2.831 down 4.68% with 34% Sell / 66% Buy, and UNI at Rp122.135 down 4.57% with 93% Sell / 7% Buy.

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