USDC splits global reserves as EBA enforces Nov 12 handover
The EBA's designation brings dual supervision of Circle's EU issuer, while its Oct. 1 response seeks more flexible reserve requirements. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
The European Banking Authority has designated Circle's EU issuer for supervision, requiring a handover of global reserves by November 12, which will create dual supervision between EU and US regulators. Circle's October 1 response to the EBA seeks more flexible reserve requirements for USDC. The split of reserves could affect USDC's operational structure and liquidity in Europe, but no immediate price impact is evident, making this a regulatory development to monitor rather than a directional trading catalyst.
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1H AGOYou’re reading thisUSDC splits global reserves as EBA enforces Nov 12 handoverCryptoSlate · Score 45
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13H AGOCointelegraph · Score 65 · via EU, USDC
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16H AGOThe Defiant · Score 45 · via EBA, USDC
