USDC Gains MiCA Significance as Stablecoin Growth Slows

The EBA reportedly designated USDC the first significant e-money token under MiCA, with direct oversight of reserves, liquidity and redemption plans beginning November 12. Standard Chartered delayed its $2T stablecoin forecast to 2030 after supply stagnated near $309B, intensifying debate over regulated payment adoption, Circle-Coinbase economics and competitive pressure.