USDC oversight starts November 12, 2026: What it means for the USDC price

Published on 10/21/2026 at 19:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

USDC circulation reaches 72.16 billion tokens. The USDC price stands at 1.0010 USD on October 21, 2026, and ranks sixth by market capitalization.

Regulation and reserve details

On October 14, 2026, the European Banking Authority classified USDC as the first significant e-money token among 45 notified tokens.
Circle's October 1, 2026, consultation response challenged a 60 percent bank-deposit minimum for significant issuers.
The USDC price stands at 1.0010 USD as of October 21, 2026, with the UTC daily close of October 20, 2026, used as the reference.
As of October 12, 2026, a report listed 72.7 billion USDC in circulation, 73.0 billion USD in reserves and 1.5 billion USD in net outflows over 30 days.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

USDC (USDC) is scheduled to enter direct European Banking Authority oversight on November 12, 2026, for reserve assets, liquidity requirements and redemption plans. The European Banking Authority classified USDC as a significant e-money token on October 14, 2026, according to TokenPost.

The classification makes USDC the first of 45 notified e-money tokens in the European Union to receive the designation, according to Sentora. An e-money token is a digital asset designed to track one official currency, while the significant classification adds direct European supervision of key financial safeguards.

EBA oversight begins November 12, 2026

From November 12, 2026, the European Banking Authority is set to supervise the European issuer's own funds, reserve assets, liquidity requirements and recovery and redemption plans. France's financial regulator keeps responsibility for governance, qualifying holdings, outsourcing and conflicts of interest, according to TokenPost.

The change concerns the European issuer of USDC and does not represent a new authorization to operate in Europe. The designation adds a supervisory layer under the European Union's Markets in Crypto-Assets regulation, according to Sentora.

Reserve rules carry a 60 percent threshold

Circle said in its October 1, 2026, response to the European Commission's Markets in Crypto-Assets review that a mandatory 60 percent commercial-bank deposit minimum for significant issuers increases exposure to bank credit and counterparty risk. Circle proposed replacing the fixed deposit share with a more flexible minimum asset-liquidity standard, according to Circle.

A separate report from CryptoSlate said global USDC figures as of October 12, 2026, showed 72.7 billion USDC in circulation and 73.0 billion USD in reserve assets. The report also listed 1.5 billion USD in net outflows over 30 days, with 40.0 billion USD of issuance and 41.5 billion USD of redemptions.

USDC data on October 21, 2026

The USDC price stands at 1.0010 USD as of October 21, 2026, according to Investing.com. The daily high is 1.0010 USD and the daily low is 1.0009 USD. Market capitalization is 72.15 billion USD, ranked sixth, while 24-hour volume is 14.05 billion USD. Circulating supply is 72.16 billion USDC.