USDC Becomes First Significant Stablecoin Under MiCA
The designation brings the eurozone's banking watchdog directly into oversight of USDC from November 12, a notable step for stablecoin supervision in the EU.
USDC is a fully collateralized US dollar stablecoin designed to maintain a 1:1 peg with the U.S. dollar. Issued by Circle and originally developed through the CENTRE consortium, it serves as a bridge between traditional fiat currency and digital asset markets, allowing users to move dollar-equivalent value across blockchain networks and cryptocurrency exchanges. The token operates across a broad multi-chain footprint, with native issuance and support on ecosystems including Ethereum, Solana, Base, Polygon, Arbitrum, Optimism, Avalanche, Aptos, Sui, Stellar, XRP Ledger, Hedera, NEAR, Tron, Celo, zkSync, StarkNet, and many others, making it one of the most widely deployed stablecoins in the industry. It is categorized as a fiat-backed stablecoin, with reserves held in cash and short-dated U.S. Treasuries and subject to regular third-party attestations. USDC is also recognized as MiCA-compliant, aligning it with the European Union's regulatory framework for crypto-asset markets, and is issued by a U.S.-based company. Its primary use case is providing a stable, dollar-denominated on-chain asset for trading, payments, lending, remittances, and decentralized finance applications.
The designation brings the eurozone's banking watchdog directly into oversight of USDC from November 12, a notable step for stablecoin supervision in the EU.
Supply has hovered near $309B as transaction activity accelerates, while regulation and competition could reshape which issuers capture future growth.
The framework requires tokenized shares to retain ordinary shareholder rights, setting a higher bar than earlier stock-linked crypto products.
The authorization moves a 37-bank consortium closer to launch, but MiCA requirements, including a white paper, still stand between Qivalis and issuance.
More than 80% of the platform’s volume is in S&P 500 options, highlighting demand for round-the-clock access to traditional markets through blockchain-based venues.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
133.9M $USDC (≈133.9M) moved from Unknown Whale 1 to #Aave.
133.9M $USDC (≈133.9M) moved from #Aave to Unknown Whale 1.
The estimates point to different exposure to US deposit competition, but model limits and changing reward offers make the historical effect an imperfect guide to current adoption.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
118.5M $USDC (≈118.6M) moved from #Coinbase to unknown wallet.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
109.3M $USDC (≈109.2M) moved from unknown wallet to #Coinbase.
248M $USDC (≈247.9M) moved from Coinbase Institutional to #Coinbase.
Holders can stay on ENSv1 indefinitely, but migrating means handing the domain to the new registry for good. Fees for 5-plus character names rise 60% to $8, and payments shift from ETH to stablecoins.
134,607,973 $USDC (≈$134.7M USD) has been burned at USDC Treasury.
134.6M $USDC (≈134.7M) moved from USDC Treasury to unknown wallet.
167.9M $USDC (168.1M USD) has been minted at the USDC Treasury.
100M $USDC (≈100M USD) has been minted at unknown wallet.
250M $USDC (250.2M USD) has been minted at the USDC Treasury.
USDC is a fully collateralized US dollar stablecoin.
USDC (USDC) is categorised as: Aptos Ecosystem, Base Native, Injective Ecosystem.
The official USDC site is https://www.circle.com/en/usdc.
Most recent USDC coverage: "USDC Becomes First Significant Stablecoin Under MiCA" — read at /en-US/a/usdc-becomes-first-significant-stablecoin-under-mica.