CryptoMedium•15 October 2026•
1 min read
EBA Designates USDC as First Significant E-Money Token Under MiCA Framework
Key Facts
1The European Banking Authority classified USDC as the first 'significant' e-money token among 45 notified under the MiCA framework.
2The EBA will oversee USDC's reserves, liquidity, and redemption plans starting November 12.
The European Banking Authority classified USDC as the first "significant" e-money token among 45 notified under the MiCA framework. According to crypto-economy.com, the EBA will take over direct oversight of USDC's reserves, liquidity, and redemption plans starting November 12, 2026.
The designation triggers a dual-supervision model where the EBA assumes responsibility for critical financial stability factors from national regulators. This administrative milestone provides regulatory clarity within the European Union regarding the management of stablecoin assets and their underlying reserves.