On October 14, 2026, the European Banking Authority (EBA) designated Circle’s USD Coin (USDC) as the EU’s first “significant” e-money token under MiCA. From November 12, the EBA will directly supervise USDC’s capital, reserve assets, liquidity and recovery and redemption plans, while France’s ACPR keeps oversight of governance and similar areas. Circle had gained full MiCA compliance in July 2024 through its Paris subsidiary, which holds an ACPR-issued license. USDC circulates at $73 billion across more than 35 blockchain networks and is the only one of 45 notified e-money tokens crossing the significance threshold. Meanwhile, Circle and EU central banks are challenging the 60% bank-deposit floor in the rules, a dispute playing out in Brussels, though holders’ right to redeem at par is unaffected.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/19/2026 | 81,938.40 |
| Change that session | -0.22% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/19/2026 | 2,408.01 |
| Change that session | -0.10% |
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