EU authority classifies Circle's USDC as 'significant' under MiCA regulation

Under the Markets in Crypto-Assets (MiCA) regulation, an EU authority has classified Circle's USDC as a 'significant' stablecoin. This classification is intended to enhance regulatory supervision for USDC, one of the largest stablecoins by market capitalization, marking a substantive phase in the EU's formal regulatory categorization of major crypto assets.