EU Regulator Classifies Circle’s USDC Stablecoin Under MiCA Oversight Rules

TLDR The European Banking Authority has placed Circle’s USDC stablecoin in a higher-tier e-money token category under the EU’s MiCA rules. USDC will now be jointly supervised by the EBA and France’s Autorité de Contrôle Prudentiel et de Résolution. USDC is the second-largest stablecoin with a market cap of about $73 billion, behind Tether’s USDt [...]

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