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Circle's USDC becomes the EU's first 'significant' stablecoin; EBA oversight starts November 12
The European Banking Authority takes direct supervision of USDC's reserves on November 12, the first such designation among 45 e-money tokens under MiCA. Tether never sought authorization, so USDC is the dollar stablecoin left standing on regulated EU venues, under reserve rules Circle spent October lobbying to rewrite.
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