The EBA classified Circle's USDC as the EU's first significant e-money token. Dual supervision starts November 12, covering reserves, liquidity and capital.
Circle backs cross-border stablecoin issuance in the MiCA review. EU regulators warn about redemption risks, while the 30% bank-deposit floor remains law.
Tether said KPMG U.S. completed a full audit of its 2025 financial statements with an unqualified opinion, reporting $6.814 billion more reserves than liabilities.
State Street launched SSCXX, a stablecoin-reserve money market fund with 121M in net assets, a 15M minimum and a GENIUS Act reserve angle.