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

Published on 10/25/2026 at 07:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

USDC is the first of 45 EU e-money tokens deemed significant on October 14, 2026. The USDC price stands at 1.0010 USD on October 25, 2026.

EU oversight and reserve rules

The European Banking Authority classified USDC as significant on October 14, 2026, among 45 notified e-money tokens.
Direct EBA supervision begins on November 12, 2026, covering reserves, liquidity and redemption plans.
The USDC price stands at 1.0010 USD as of October 25, 2026, at the dollar peg.
Circle's EU issuer faces a 60 percent reserve-deposit minimum under the significant-token framework.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

USDC (USDC) enters a new European oversight phase on November 12, 2026, when the European Banking Authority takes direct responsibility for key safeguards covering the token's EU issuer. The USDC price stands at 1.0010 USD as of October 25, 2026, according to Investing.com.

EBA takes over four USDC safeguards

The European Banking Authority classified USDC as a significant e-money token on October 14, 2026, making it the first of 45 e-money tokens notified under the European Union's Markets in Crypto-Assets Regulation to receive that designation, according to European Banking Authority.

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

Reserve rules add a 60 percent threshold

The significant-token framework sets a 60 percent bank-deposit minimum for the EU issuer, twice the 30 percent minimum applying to other electronic money tokens, according to TokenPost. The requirement covers Circle Internet Financial Europe SAS, while Circle Internet Financial, LLC issues USDC in the United States.

Circle has asked the European Commission to replace the fixed share with a minimum asset-liquidity standard, but the existing requirement remains the applicable rule for the EU issuer, TokenPost reported on October 20, 2026. Circle's official USDC page says the token is redeemable one-to-one for US dollars and backed by highly liquid cash and cash-equivalent assets, with monthly reserve attestations by a Big Four accounting firm, according to Circle.

USDC trades close to its dollar peg

Investing.com lists USDC at 1.0010 USD as of October 25, 2026. The daily high is 1.0010 USD and the daily low is 1.0009 USD for the UTC day. 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, according to Investing.com. The reference basis for any daily percentage comparison is the UTC daily close of October 24, 2026.