Circle transferred responsibility for financial safeguards related to USDC reserves to EU regulators on November 12.
According to CryptoSlate, the French regulator ACPR retains governance responsibilities. The report noted that this arrangement could drive up costs.
· Responsibility for the financial safeguards of the reserves was transferred, while governance authority remains with France’s ACPR
· Rising costs are a risk raised in the report, not a confirmed outcome
Are you more concerned about where USDC reserves are held, or who has governance authority?
$USDC
According to CryptoSlate, the French regulator ACPR retains governance responsibilities. The report noted that this arrangement could drive up costs.
· Responsibility for the financial safeguards of the reserves was transferred, while governance authority remains with France’s ACPR
· Rising costs are a risk raised in the report, not a confirmed outcome
Are you more concerned about where USDC reserves are held, or who has governance authority?
$USDC
