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Policy··1 min read

EBA Names USDC the EU’s First ‘Significant’ E-Money Token

The European Banking Authority (EBA) has designated USDC as the EU's first 'significant' e-money token effective November 12. While the EBA will oversee financial supervision, France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) retains governance and corporate responsibility.

EBA Names USDC the EU’s First ‘Significant’ E-Money Token
Image: The Defiant

The European Banking Authority (EBA) has designated USDC as the EU's first 'significant' e-money token effective November 12. While the EBA will oversee financial supervision, France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) retains governance and corporate responsibility.

Sources

  • The Defiant — EBA Names USDC the EU’s First ‘Significant’ E-Money Token

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