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

USDC (USDC) faces a new supervisory milestone on November 12, 2026, when the European Banking Authority is scheduled to take direct responsibility for parts of the issuer's oversight. The USDC price stands at 1.0010 USD as of October 25, 2026, according to Investing.com.

EBA sets November oversight date

The European Economic Area has classified USDC as a significant e-money token, a regulated digital payment token under the European Union's MiCA framework. The classification took effect on October 14, 2026, according to CryptoTicker.

CryptoTicker reported that the European Banking Authority will take over direct supervision of own funds, reserves, liquidity, and recovery and redemption plans on November 12, 2026. The French supervisor ACPR will retain responsibilities including management assessments, qualifying holdings, outsourcing, and conflicts of interest, according to CryptoTicker.

Adjusted supply reaches 69.62 billion

Onchain supply data gives a separate view of USDC usage. Allium measured adjusted USDC circulation at 69.62 billion USD on October 12, 2026, making it the second-largest stablecoin by adjusted onchain supply, according to Allium.

Allium also said raw supply can count bridged copies more than once, while its adjusted method removes those duplicate claims. The report identified reserve quality and access to reserves as key considerations for a fiat-backed stablecoin, according to Allium. Separately, USDC supply on BNB Chain ended the third quarter at 1.59 billion USD, while the chain's stablecoin supply declined 4.6 percent, according to Blockworks.

USDC trades near its dollar peg

The USDC price is 1.0010 USD as of October 25, 2026, according to Investing.com. The daily high is 1.0010 USD and the daily low for the UTC day is 1.0009 USD. Market capitalization is 72.15 billion USD, ranking USDC sixth, while 24-hour volume is 14.05 billion USD. Circulating supply is 72.16 billion USDC. USDC is designed to track 1.00 USD, so the current level remains close to its stated peg.

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