# EU banking regulator classifies Circle's USDC as the first 'significant' stablecoin under MiCA

Canonical page: https://technooptimist.io/stories/eu-banking-regulator-classifies-circle-s-usdc-as-the-first-significant-cba70816
Date: 14 Oct 2026
About: [Circle](https://technooptimist.io/companies/circle.md) · [USDC](https://technooptimist.io/crypto/usdc.md)
Original source: https://eba.europa.eu/publications-and-media/press-releases/eba-classifies-usdc-first-significant-e-money-token-european-union

The European Banking Authority designated USDC, issued in the EU by Circle, as a significant e-money token, the first of the 45 e-money tokens notified under MiCA to get that label. From 12 November 2026 the EBA takes over prudential supervision of USDC from France's ACPR, which keeps governance-related oversight.

## Key facts

- The EBA takes over own funds, reserve of assets, liquidity requirements and recovery and redemption plans, which the ACPR supervised until now.
- The ACPR keeps governance, qualifying holdings, fit and proper assessments, outsourcing and conflicts of interest.
- Significance is reviewed every year; the press release does not list the criteria, which Delegated Regulation (EU) 2024/1506 sets out.
- The EBA also signed a memorandum of understanding with the New York State Department of Financial Services to coordinate cross-border oversight.

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