EBA Designates Circle’s USDC as Europe’s First ‘Significant’ MiCA EMT, Bringing Dual Supervision From Nov. 12
Photo: Forkast
The classification of USDC as a significant e-money token (EMT) by the European Banking Authority (EBA) is a shift in supervisory architecture rather than a change in the product itself. On 14 October 2026, the EBA classified USDC as a significant EMT , marking the first time this designation has been applied under the Markets in Crypto-Assets (MiCA) regulation. USDC, issued by Circle Internet Financial Europe SAS in the EU and Circle Internet Financial, LLC in the United States, is the first of 45 EMTs notified under MiCA to receive the significant label.
Source: Forkast
