EBA Classifies USDC as the EU's first significant e-money token
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AT A GLANCE
EBA will classify USDC as the EU's first significant e-money token, and the related dual supervision will take effect on November 12, 2026.
Article
USDC Listed as the EU's first “significant e-money token”
BlockBeats news,October 15, the European Banking Authority EBA announced that it has classified SAS issued by Circle Internet Financial Europe USDC, under the Markets in Crypto-Assets Regulation,MiCA as a significant e-money token EMT. The EU currently has 45 types of EMT that have completed notification under MiCA, with USDC being the first to be classified as significant EMT. Effective November 12, 2026,USDC will be subject to MiCA's dual supervision of significant EMT: direct supervisory responsibilities for own funds, asset reserves, liquidity requirements, and recovery and redemption plans will be transferred by the French Prudential Supervision and Resolution Authority ACPR to EBA；ACPR, which will remain responsible for governance, qualifying holdings, fitness and propriety assessments, outsourcing, conflicts of interest, and other matters.USDC is issued in the EU by Circle Internet Financial Europe SAS and in the United States by Circle Internet Financial,LLC.EBA has signed a memorandum of understanding with the New York State Department of Financial Services to facilitate cooperation and information exchange on cross-border stablecoin activities.
Original link https://m.theblockbeats.info/flash/371849
Key points
01
The European Banking Authority (EBA) announced that SAS issued by Circle Internet Financial Europe USDC has been classified under MiCA as a significant e-money token (EMT）。
02
The EU already has 45 types of EMT that have completed notification under MiCA, with USDC being the first to be classified as significant EMT。
03
Effective November 12, 2026,USDC will be subject to MiCA's dual supervision of significant EMT.
04
EBA will directly supervise own funds, asset reserves, liquidity requirements, and recovery and redemption plans;ACPR will remain responsible for governance, qualifying holdings, fitness and propriety assessments, outsourcing, conflicts of interest, and other matters.
05
USDC is issued in the EU by Circle Internet Financial Europe SAS and in the United States by Circle Internet Financial,LLC.
06
EBA has signed a memorandum of understanding with the New York State Department of Financial Services to conduct cooperation and information exchange on cross-border stablecoin activities.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that USDC is included in the EU under MiCA in the regulatory category of “significant e-money token.” Some prudential supervisory responsibilities will be transferred from the French ACPR to EBA，ACPR will retain other supervisory responsibilities.
Why it matters to readers
The event concerns USDC's regulatory classification in the EU, as well as the division of supervisory responsibilities between EBA and ACPR.
Stablecoins are crypto-assets generally used to maintain a relatively stable value; this news indicates that USDC will have clearly defined applicable regulatory requirements and responsible authorities in the EU.
Risks and unknowns
The provided text is from BlockBeats news and does not provide the EBA full original announcement.
Based solely on the evidence provided, it cannot be confirmed whether this classification has been formally published in other documents or may be adjusted.
The evidence provided does not explain the practical impact of this regulatory arrangement on USDC's scale of use, price, or Circle's business.
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Related concepts
MiCA
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