← The Polylog Crypto Intelligence Brief
Morning Edition · Thursday, October 15, 2026Published at 1:43 AM EDT · New York
European Banking Authority Names Circle's USDC the First Significant Stablecoin Under MiCA
Direct supervision by the European Banking Authority and French regulators begins November 12, while a bank-backed euro stablecoin holds a Dutch license but cannot yet launch.
The European Banking Authority (EBA) has classified Circle's USD Coin (USDC) as a significant e-money token under the European Union's Markets in Crypto-Assets Regulation (MiCA), crypto.news reports. It is the first stablecoin to receive th…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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