USDC Becomes First Significant E-Money Token Under MiCA, with Prudential Supervision Responsibilities to Transfer to EBA in November 2026

Odaily reports that the European Banking Authority has designated USDC, issued by Circle Internet Financial Europe SAS, as the first significant e-money token under the Markets in Crypto-Assets Regulation. Currently, a total of 45 e-money tokens in the EU have been notified under MiCA. Starting from November 12, 2026, prudential supervision responsibilities for USDC—including own funds, reserve assets, liquidity requirements, and recovery and redemption plans—will be transferred from the French Prudential Supervision and Resolution Authority to the European Banking Authority, while the French Prudential Supervision and Resolution Authority will continue to oversee areas such as corporate governance, qualifying holdings, outsourcing, and conflicts of interest.