EU Labels Circle’s USDC a ‘Significant’ Token Under MiCA
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Circle’s USDC has been classified as a significant e-money token under MiCA, placing it under French and EU oversight.
An EU authority has designated Circle’s USDC as a “significant e-money token” under the bloc’s Markets in Crypto-Assets regulation, known as MiCA.
The classification means French and EU authorities will oversee the stablecoin, according to Cointelegraph.
USDC ranks as the second-largest stablecoin by market capitalization. The designation establishes its regulatory status within the EU’s crypto-asset framework.
Source: Cointelegraph
