Circle's USDC Falls Under Direct EBA Supervision in Europe
Circle's USDC has become the first stablecoin to fall under direct European Banking Authority supervision.
Circle's USDC has become the first stablecoin to fall under direct European Banking Authority (EBA) supervision in Europe, according to BigGo Finance. The regulatory milestone brings the widely used dollar-pegged asset directly under the authority's oversight framework for digital assets in the region.
Regulatory Milestone
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As reported by BigGo Finance, the development marks the first instance of a stablecoin issuer being subjected to direct regulatory oversight by the EBA in Europe.
Key facts
- Circle's USDC is the first stablecoin to fall under direct EBA supervision in Europe.
- The announcement was reported by BigGo Finance.
Source: news.google.com
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