Circle’s USDC just became the first stablecoin in the EU to snag that major e-money token status under MiCA fr. The European Banking Authority checked it against all the rules and gave it the significant label. 🖤
MiCA Upgrade Hits Different Now 🌙
The EU has 45 e-money tokens notified under MiCA rn but USDC is the first one called significant. New rules kick in on November 12 2026 and then the EBA takes direct charge over capital needs asset reserves liquidity plus recovery plans. These used to sit with France’s ACPR but that regulator keeps some grip on governance big shareholdings and conflicts of interest. They will team up for a smooth switch tho. USDC stays strong on both sides of the Atlantic with Circle’s EU and US arms handling issuances. The EBA also linked up with New York’s finance dept for better cross border info sharing. 🦇💀
USDC Spreads Through Banks And Payments ✨
Fresh competition popped up earlier but USDC keeps finding new spots to grow. BNY Mellon added USDC support on its custody platform so institutions can hold transfer mint and redeem it. Binance locked in a five year deal with a 100 million dollar investment to push USDC harder. Samsung plans to bring native transfers to Galaxy users in the US by late October 2026 letting folks send to wallets or banks in over 60 countries. 🚀🔥👀💜🕸️
Just another echo from the void by iconofsin.eth 💖
