Circle’s USDC Gains Significant E-Money Token Status in…
By Abdelaziz Fathi
Source excerpt · FinanceFeeds
The European Banking Authority has classified Circle’s USDC as the European Union’s first significant e-money token under MiCA, moving key parts of the $74 billion stablecoin’s supervision from France’s banking regulator to the EBA and subjecting Circle to stricter prudential requirements.The designation takes effect on November 12. From that date, the EBA will directly oversee USDC in areas inclu…