USDC answers to a new EU regulator from tomorrow The European Banking Authority will start directly supervising @circle’s $USDC in the EU on Thursday, November 12. It takes over checks on the stablecoin’s reserves, capital, liquidity, and redemption plans from France’s regulator ACPR, which keeps oversight of governance and conflicts of interest. The switch follows the EBA’s October 14 decision to label USDC a “significant” e-money token under MiCA, the first of 45 notified tokens to get that tag. It covers only USDC issued by Circle’s French entity, and the EBA will review the label every year.