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EBA Takes Direct Supervision of Circle’s USDC Stablecoin Under MiCA

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The European Banking Authority (EBA) has classified Circle's USDC as a significant e-money token under the Markets in Crypto-Assets Regulation (MiCA). This makes USDC the first of 45 e-money tokens notified in the EU to receive this designation. Starting November 12, the EBA will directly oversee…

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