CryptoMedium•11 November 2026•
1 min read
EBA to Directly Supervise Circle's USDC Stablecoin Under MiCA Regulations
Key Facts
1The European Banking Authority (EBA) will take over direct supervision of Circle's USDC stablecoin in the EU starting November 12.
2The authority will be responsible for monitoring the token's own funds, reserve assets, liquidity requirements, and redemption plans.
The European Banking Authority (EBA) will take over direct supervision of Circle's USDC stablecoin in the EU starting November 12, 2026. Cryptonews.net reported that the authority will be responsible for monitoring the token's own funds, reserve assets, liquidity requirements, and redemption plans under Article 117 of the MiCA regulation.
The supervisory control transitions to the EBA from France's ACPR to ensure uniform compliance across the European Union. This shift follows the classification of USDC as a significant e-money token, requiring dual supervision focused on financial stability and reserve management.