USDC Stablecoin Receives Special Status Under MiCA 🔹 The European Banking Authority (EBA) has classified Circle's USDC stablecoin as the first significant electronic money token (EMT) in the European Union under the MiCA regulation. 🔹 The decision followed an assessment of the significance criteria established by EU legislation. Starting November 12, 2026, the stablecoin will fall under the joint supervision of the EBA and France's financial regulator, the Prudential Supervision and Resolution Authority (ACPR). 🔹 There are currently 45 electronic money tokens registered under MiCA in the EU. USDC is the first to receive significant status, which entails stricter supervisory requirements for the issuer's reserves and financial resilience.