CryptoThe Blockabout 2 hours ago
EBA designates USDC as significant token
1 min read
The European Banking Authority designated Circle's USDC as the EU's first significant e-money token on Wednesday. From Nov. 12, the EBA assumes direct oversight of USDC reserves and liquidity, while France's ACPR retains governance. USDC holds nearly $73 billion in supply against a total stablecoin market of $294 billion.
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