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

Published on 10/16/2026 at 23:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

USDC faces EBA supervision from November 12, 2026. The USDC price is 1.0009 USD as of October 16, 2026, with rank 6.

Regulation, settlement and market data

The European Banking Authority classified USDC as significant on October 14, 2026.
Circle reported more than 36 trillion USD in first-half settlement volume and 315 billion USD in minting and redemptions.
The USDC price stands at 1.0009 USD as of October 16, 2026, compared with the UTC daily close of October 15, 2026.
Dual supervision of USDC reserves and liquidity begins on November 12, 2026.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

USDC (USDC) becomes the first significant e-money token under the Markets in Crypto-Assets Regulation (MiCA) after the European Banking Authority classified it on October 14, 2026. The European Banking Authority says dual supervision of reserves, liquidity and recovery and redemption plans starts on November 12, 2026. The USDC price stands at 1.0009 USD as of October 16, 2026, according to Investing.com.

EU oversight follows the October 14 classification

The EBA classified USDC, issued in the European Union by Circle Internet Financial Europe SAS, as a significant e-money token under MiCA on October 14, 2026. The authority said there were 45 e-money tokens notified under MiCA and that USDC was the first to receive the significant classification, based on criteria set in the regulation.

From November 12, 2026, the EBA will take direct responsibility for own funds, reserve assets, liquidity requirements and recovery and redemption plans. France's Autorite de Controle Prudentiel et de Resolution retains responsibility for governance, qualifying holdings, management suitability, outsourcing and conflicts of interest, according to the EBA.

Circle reports 36 trillion dollars settled

Circle reported more than 36 trillion USD in USDC on-chain settlement volume during the first half of 2026. The issuer also reported more than 315 billion USD in USDC minting and redemptions during the same period, according to Circle.

Circle said 819 million USD of its first-half 2026 revenue went to USDC distribution partners and transaction costs, while 473 million USD went to licenses, banking relationships, settlement liquidity, compliance programs, products and blockchain integrations. The figures describe the issuer's distribution and infrastructure spending rather than the market capitalization of USDC.

USDC remains near its dollar peg

USDC trades at 1.0009 USD as of October 16, 2026, according to Investing.com. Its change is not included because USDC is a dollar-pegged stablecoin. The daily high is 1.0010 USD and the daily low is 1.0008 USD for the UTC day. Market capitalization is 72.90 billion USD, with a market-cap rank of 6. Twenty-four-hour volume is 14.60 billion USD, and circulating supply is 72.90 billion USDC.