EBA classifies USDC on October 14, 2026: What it means for the USDC price

Published on 10/21/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

USDC is the first of 45 EU e-money tokens deemed significant. The USDC price stands at 1.0010 USD on October 21, 2026.

Regulation and reserve scale

On October 14, 2026, the EBA classified USDC as the first significant e-money token under MiCA.
The EBA will take direct responsibility for reserves, liquidity and recovery plans on November 12, 2026.
The USDC price stands at 1.0010 USD as of October 21, 2026.
Circle reported 74.1 billion USDC in circulation on October 5, 2026.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

USDC (USDC) became the first of 45 European Union e-money tokens classified as significant on October 14, 2026. The USDC price stands at 1.0010 USD as of October 21, 2026, according to Investing.com. The European Banking Authority announced the designation under the Markets in Crypto-Assets Regulation, or MiCA.

EBA takes responsibility on November 12, 2026

Starting November 12, 2026, the EBA will directly supervise USDC-related own funds, reserve assets, liquidity requirements, and recovery and redemption plans. The European Banking Authority said France's Autorite de Controle Prudentiel et de Resolution will retain responsibility for governance, qualifying holdings, management suitability, outsourcing and conflicts of interest.

The October 14, 2026, decision applies to Circle Internet Financial Europe SAS, which issues USDC in the European Union. The European Banking Authority described the arrangement as dual supervision for significant e-money tokens, dividing oversight between the European authority and France's national regulator.

USDC circulation reached 74.1 billion dollars

Circle also connected USDC with enterprise payment infrastructure on October 7, 2026, through a partnership with Tereina for payments in SAP business software. Crypto.news reported that USDC circulation stood at 74.1 billion USD on October 5, 2026, with total reserves of 74.3 billion USD.

The same October 7, 2026, report said the SAP rollout starts with SAP Pay and SAP Cloud ERP. The figures dated October 5, 2026, describe circulation and reserves rather than the market price, while the EBA's November 12, 2026, date concerns supervision of the European issuer.

USDC price remains near one dollar

The USDC price stands at 1.0010 USD as of October 21, 2026, according to Investing.com. The page lists a daily high of 1.0010 USD and a daily low of 1.0009 USD for the UTC day, a market capitalization of 72.15 billion USD and rank 6. Its 24-hour volume is 14.05 billion USD, and circulating supply is 72.16 billion USDC. As a dollar-pegged stablecoin, USDC is designed to trade around 1.00 USD.