USDC Recognized as a Significant Electronic Money Token
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AI-assisted source synthesis · not an independent investigation.
On October 15, 2026, Fintech News Switzerland reported that the European Banking Authority (EBA), pursuant to the Markets in Crypto-Assets Regulation (MiCA), designated USDC as a significant electronic money token. Among the 45 electronic money tokens (EMTs) currently notified in the EU, USDC became the first token to receive this status. Starting November 12, 2026, the EBA will be directly responsible for supervising the issuer’s own funds, reserve assets, liquidity, and recovery and redemption plans; the French Prudential Supervision and Resolution Authority (ACPR) will continue to be responsible for matters including governance, qualifying holdings, fitness and propriety assessments, outsourcing, and conflicts of interest.
AI-written from reports · updated 4 days ago
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- Fintech News SwitzerlandSelectedEBA designates USDC as the first significant e-money token under MiCA
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.
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