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Evidence record

EBA classifies USDC as the first significant e-money token in the EU

Read the item · published 2026-10-14 · updated 2026-10-22

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-23 17:36 UTC
Archived snapshot
SHA-256 48efc1b49c700e2d34de78910fa07c3d629579cd778b10b6da6b8c9ef8421fbb · fetched 2026-10-23 · Wayback Machine copy ↗
Saved excerpt around the quote (source text, 2026-10-23)
… Banking Authority (EBA) has classified USDC, issued by Circle Internet Financial Europe SAS, as a significant e-money token (EMT) under the Markets in Crypto Assets Regulation (MiCA), following its assessment of the criteria set out in the Regulation. There are currently 45 EMTs in the European Union, which have been notified under MiCA, and USDC is the first one to be classified as being significant. From 12 November 2026, USDC will be subject to the dual supervision foreseen by MiCA for significant EMTs. This means that direct supervisory responsibilities in the areas of own funds, reserve of assets, liquidity requirements, and recovery and red …
Change log (13)
  1. 2026-10-23 Newsroom 2026-10-23 eve: +MAS/BNM/BOT BLOOM cross-border digital money (Tier 1, MAS media release); bank-negara-malaysia, bank-of-thailand entities; verify snap (b20c97d)
  2. 2026-10-23 Newsroom 2026-10-23 PM: +Riksbank letter to Riksdag Finance Committee on digital krona (PDF, Tier 1); riksbank entity; CBDC tracker entry; verify snapshots, pag (240394a)
  3. 2026-10-23 Tracker: HSBC RedCoin commercial status -> Live (23 Oct 2026, HSBC release); +SoFi Earn (SOFIE) initiative, SoFi institution, 2 sources; vfetch: one 5s retry on (cebc8d1)
  4. 2026-10-23 Newsroom 2026-10-23: +HSBC RedCoin live on PayMe (HKMA-licensed HKD stablecoin), +SoFi Earn (SOFIE) consumer tokenized deposit (via Nasdaq/Business Wire; SoFi I (62c1ed5)
  5. 2026-10-23 Verify: shared vfetch (PDF via pdftotext, retry, snapshot fallback for EUR-Lex/ESMA/ECB transient blocks, real mismatches still fail), verify-snapshots.json; de (a65ba64)
  6. 2026-10-23 AI/agent discoverability: llms.txt + llms-full.txt, AI-crawler robots rules, open data /api/{items,tracker,regulation}.json (CC BY 4.0) + Dataset JSON-LD on /da (e14054d)
  7. 2026-10-23 Audit ledger 2026-10-22, a11y fixes (key-facts list, tracker target size), screenshots b2-* (644d97b)
  8. 2026-10-23 P1/P2: homepage What-changed + tracker snapshot, regulatory timeline date-status labels/event-type filter/shareable URLs, methodology status & evidence definiti (95a103a)
  9. 2026-10-22 P0-C/P1: evidence types per source, Swissquote re-sourced to ESMA register (corrections logged), OCC GENIUS brief re-verified against statute, EBA USDC brief; S (e62f8ff)
  10. 2026-10-22 Phase 1 positioning: intelligence platform for banks entering digital assets (941ceee)
  11. 2026-10-22 Global coverage upgrade: daily pipeline + page watchers, 27 new verified items, per-item OG images, /data, new trackers (CBDC, MiCA CASP, bank services), entiti (7f6aa9a)
  12. 2026-10-22 Redesign: editorial typography, navy/paper palette, dark mode, hero, regulator ticker, tracker timelines, item page, logo/favicon/OG, screenshots (398f48b)
  13. 2026-10-22 MVP site (64ba2ad)

Verified quotes

  • “There are currently 45 EMTs in the European Union, which have been notified under MiCA, and USDC is the first one to be classified as being significant.”
  • “From 12 November 2026, USDC will be subject to the dual supervision foreseen by MiCA for significant EMTs.”
  • “USDC is issued in the European Union by Circle Internet Financial Europe SAS”
  • “direct supervisory responsibilities in the areas of own funds, reserve of assets, liquidity requirements, and recovery and redemption plans will be transferred from the Autorité de Contrôle Prudentiel et de Résolution (ACPR) to the EBA”

String-matched against https://www.eba.europa.eu/publications-and-media/press-releases/eba-classifies-usdc-first-significant-e-money-token-european-union by scripts/verify.mjs before every deploy.

AI-drafted from the EBA release; expanded 2026-10-22; quotes string-matched by scripts/verify.mjs · AI-assisted