The European Banking Authority (EBA), under the MiCA framework, has designated $USDC , issued by Circle, as the EU’s first “significant” electronic money token.
Of the 45 EMTs notified in the EU, USDC is the first stablecoin to reach this regulatory threshold. Starting November 12, the EBA will directly supervise USDC’s reserve assets, liquidity requirements, and recovery and redemption plans, while France’s ACPR will continue to oversee matters such as governance.
The EBA has also signed a memorandum of understanding with the New York State Department of Financial Services to strengthen cooperation on cross-border supervision and information sharing. USDC is currently the world’s second-largest stablecoin, with a supply of nearly $73 billion.
(Source: The Block)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
#USDC #稳定币 #MiCA
Of the 45 EMTs notified in the EU, USDC is the first stablecoin to reach this regulatory threshold. Starting November 12, the EBA will directly supervise USDC’s reserve assets, liquidity requirements, and recovery and redemption plans, while France’s ACPR will continue to oversee matters such as governance.
The EBA has also signed a memorandum of understanding with the New York State Department of Financial Services to strengthen cooperation on cross-border supervision and information sharing. USDC is currently the world’s second-largest stablecoin, with a supply of nearly $73 billion.
(Source: The Block)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
#USDC #稳定币 #MiCA