# 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.

- Published: 2026-10-15T05:43:12.254Z
- Canonical: https://polylog.news/crypto/2026-10-15/european-banking-authority-names-circle-s-usdc-the-first-sig
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/circle-usdc-becomes-first-stablecoin-under-eu-rules/), [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/qivalis-wins-dutch-emi-license-but-mica-rules-block-launch/), [crypto.news](https://crypto.news/bingx-eu-crypto-license-29-countries/), [KuCoin](https://www.kucoin.com/blog/mica-blocks-eu-access-major-stablecoins)

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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