EBA Names Circle's USDC First 'Significant' E-Money Token Under MiCA
The European Banking Authority has classified USDC as the EU's first significant e-money token, triggering dual supervision from November 12, 2026.
AfroEuropa Newsroom
AfroEuropa desk
The European Banking Authority (EBA) has classified USDC, the stablecoin issued by Circle Internet Financial Europe SAS, as a significant e-money token (EMT) under the European Union's Markets in Crypto Assets Regulation (MiCA). The decision followed an assessment against the criteria set out in the Regulation.
USDC becomes the first of 45 EMTs notified under MiCA in the European Union to receive the significant designation. According to Cointelegraph, USDC is the second-largest stablecoin by market capitalization.
From November 12, 2026, USDC will fall under the dual supervision that MiCA sets out for significant EMTs. Direct supervisory responsibility for own funds, reserve of assets, liquidity requirements, and recovery and redemption plans will move from France's Autorité de Contrôle Prudentiel et de Résolution (ACPR) to the EBA.
Keep reading
Standard Chartered Launches Direct Crypto Trading for Wealthy UAE Clients
The London-based bank is letting professional investors in the UAE buy and sell bitcoin and ether through their existing bank accounts, with custody kept in-house.
Other highlights
Google to Restrict Gemini Pro Models to Higher-Tier Subscribers from November 2026
Google is emailing AI Plus subscribers to confirm that Pro model access in the Gemini app and Search will be limited to Pro and Ultra plans from November 13, 2026.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
