Article 117

  • USDC Significant E-Money Token: Dual Supervision From 12 November

    On 14 October 2026 the European Banking Authority (EBA) announced that it has classified USDC, issued in the EU by Circle Internet Financial Europe SAS, as a significant e-money token under the Markets in Crypto-Assets Regulation (MiCAR). The EBA says 45 e-money tokens (EMTs) have been notified under MiCAR, and USDC is the first to…

  • EBA-NYDFS Stablecoin MoU: What EU EMT Issuers Should Know

    If you issue or service a dollar-referenced stablecoin that moves across the Atlantic, the open question has always been which regulator can ask your supervisor for what, and how fast. On 2 June 2026 the European Banking Authority and the New York State Department of Financial Services answered part of it by signing the EBA-NYDFS…