EBA Imposes 60% Reserve Floor on Circle's USDC Under MiCA Regulation

Key Facts

1The European Banking Authority announced that USDC will face specified financial oversight starting November 12.

2USDC is the first of 45 e-money tokens notified under MiCA to receive this designation.

The European Banking Authority announced that USDC will face specified financial oversight starting November 12, 2026. TokenPost reported that USDC is the first of 45 e-money tokens notified under the Markets in Crypto-Assets (MiCA) regulation to receive this designation, which mandates a 60% reserve deposit floor in cash at banks.

The designation aims to ensure the stability of significant stablecoins within the EU, with the EBA taking over supervision of liquidity requirements and redemption plans for Circle. Regarding broader economic sentiment in the region, the ZEW Economic Sentiment Index is scheduled for release on October 20, 2026, with a forecast of 24.2 following a previous reading of 25.8.