EBA designates USDC as the first significant e-money token under MiCA
USDC Classified as the First Significant E-Money Token under MiCA
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Under MiCA, EBA has designated USDC as a significant e-money token. Among the 45 EMTs currently notified in the EU, USDC is the first to receive this status. From 12 November 2026, EBA will be directly responsible for the issuer’s own funds, reserve assets, liquidity, and recovery and redemption plans, while France’s ACPR will continue to be responsible for governance, qualifying holdings, fit and proper assessments, outsourcing, and conflicts of interest.
The article outlines the division of responsibilities between EBA and ACPR after USDC’s inclusion as a significant EMT, helping readers understand how supervisory responsibilities for stablecoin issuers are being reallocated under MiCA.
Source:Fintech News Switzerland · fintechnews.ch