According to Cointelegraph, the European Central Bank and national regulators have classified Circle’s USDC stablecoin as a “significant e-money token” under the Markets in Crypto-Assets (MiCA) regulation. This classification means USDC will be subject to oversight by EU authorities, including French regulatory bodies, following the rule set out in MiCA. The designation reflects the scale and widespread use of the stablecoin within the European market. As the second‑largest stablecoin by market capitalization, USDC’s status as a significant token under MiCA will trigger the applicable supervisory obligations for Circle and its EU counterpart entities. No further details on timelines or specific measures were provided in the source material.
