Decision on appointment of the Chair for the supervisory college of Circle Internet Financial Europe SAS as issuer of USDC
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The EBA appoints Ruta Merkeviciute, Head of its Digital Finance Unit, as Chair of the consultative supervisory college for Circle Internet Financial Europe, issuer of USDC, and as the EBA's voting representative. It follows the classification of USDC as a significant e-money token under MiCA.
Who is affected
Circle Internet Financial Europe and the authorities in the supervisory college, including the ACPR.
Deadlines
Appointment for an indefinite period from the entry into force of the decision (21 October 2026).
Plain-language version
USDC is a stablecoin, a cryptocurrency tied to the US dollar. Because the EBA, the EU authority that sets the rules for banks, now treats it as 'significant' under the EU's MiCA law, it has named Ruta Merkeviciute, head of its digital finance unit, to chair the group of supervisors overseeing its European issuer, Circle. The appointment runs from 21 October 2026.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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