USDC Now Under Dual EU Supervision as EBA Oversight Begins
(5 hours ago) · 1 source · Summarized by CryptoBipto
USDC, the stablecoin issued by Circle, has entered a dual supervision framework in the European Union as oversight by the European Banking Authority (EBA) has taken effect. This means USDC is now supervised by both a national regulator and the EBA under the EU's Markets in Crypto-Assets (MiCA) regulation. The move reflects the growing regulatory structure being applied to significant stablecoins operating in Europe.
WHY IT MATTERS
Stablecoins like USDC are digital tokens designed to maintain a steady value, usually pegged to a traditional currency like the US dollar.
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SOURCES
- newsbtc.com
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