Regulator · EU
European Banking Authority
2 verified items · Official site: www.eba.europa.eu ↗
Appears in: MiCA tracker
Regulatory dates
- 12 Nov 2026USDC becomes subject to MiCA dual supervision as a significant EMT
Coverage
- T1RegulatorEU
EBA classifies USDC as the first significant e-money token in the EU
The EBA classified USDC, issued in the EU by Circle Internet Financial Europe SAS, as the first significant e-money token under MiCA. From 12 November 2026 supervision of its own funds, reserve of assets, liquidity and recovery and redemption plans moves from France’s ACPR to the EBA, while the ACPR keeps governance and other areas. The EBA also signed an MoU with the New York State Department of Financial Services.
European Banking Authority - T1RegulatorEU
EBA identifies priorities for the review of MiCA
Responding to the Commission’s targeted consultation, the EBA called for scope clarifications in MiCA and regulation of crypto-asset lending including DeFi.
European Banking Authority