【Crypto Brief】European Banking Authority designates USDC the EU’s first “significant” e-money token
🏛 According to reports, under the MiCA framework, the European Banking Authority (EBA) has designated Circle-issued USDC as the first “significant” e-money token, following the notification of 45 EMTs.
📅 Starting November 12, the EBA will directly supervise USDC’s own funds, reserve assets, liquidity requirements, and recovery and redemption plans; matters such as governance and qualifying holdings will remain under the responsibility of France’s ACPR.
🤝 The EBA also signed a memorandum of understanding with the New York State Department of Financial Services (NYDFS) to facilitate cross-border supervisory cooperation.
📊 USDC’s circulating supply is close to $73 billion, making it the world’s second-largest stablecoin (Data: The Block, October 15).
Source: The Block
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage.
🏛 According to reports, under the MiCA framework, the European Banking Authority (EBA) has designated Circle-issued USDC as the first “significant” e-money token, following the notification of 45 EMTs.
📅 Starting November 12, the EBA will directly supervise USDC’s own funds, reserve assets, liquidity requirements, and recovery and redemption plans; matters such as governance and qualifying holdings will remain under the responsibility of France’s ACPR.
🤝 The EBA also signed a memorandum of understanding with the New York State Department of Financial Services (NYDFS) to facilitate cross-border supervisory cooperation.
📊 USDC’s circulating supply is close to $73 billion, making it the world’s second-largest stablecoin (Data: The Block, October 15).
Source: The Block
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage.