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candlewax@candlewax6

USDC is getting another regulator. Does that actually change anything for the people holding it?

Starting November 12, USDC will be under direct EBA supervision for things like reserves, liquidity and redemption planning in the EU.

It's the first stablecoin classified as a significant e-money token under MiCA.

I suppose more scrutiny is better than less.

But whenever I see "stronger regulatory oversight", I wonder what that translates to if something actually goes wrong.

TokenPost

According to Whale Alert, 309,864,597 USDC (approximately 420.7 billion KRW) was transferred between unidentified wallets. Both the sender and receiver were marked as unidentified wallets.

TokenPost

ARK ETF has applied for a Tokenized Market Infrastructure ETF that provides indirect exposure to ETH and SOL. Grayscale emphasized Ethereum's market dominance, and there were also reports of whale wallets purchasing ETH. Meanwhile, MEXC Global received an order to prohibit remittances to U.S. financial institutions, and USDC purchases are now available through Samsung Wallet.

TokenPost

Binance France will close customer accounts as of December 31, 2026. Accounts with remaining balances will incur a monthly management fee of 0.025% (minimum 10 USDC) starting November 29. Assets not withdrawn by December 31 will be handled according to the terms of service.

TokenPost

Circle has issued $250 million worth of USD Coin (USDC) on the Solana network. This transaction, valued at approximately 337 billion Korean Won, was processed through Circle's official minting address, according to Solscan data.

Binance News

Circle has minted 250 million USDC on the Solana blockchain, as confirmed by Solscan data. The transaction was executed by Circle's official minting address and recorded by Whale Alert.

TokenPost

RealFi is targeting a December 1st launch on the Ethereum mainnet and is also considering expansion to XRP Ledger. While maintaining Cardano as its base network, it plans to expand its products to EVM-compatible networks. It offers the stablecoin USDrf and the yield-bearing token sUSDrf, focusing on cross-border value stabilization and the growth of yield-bearing products.

Reuters

US Treasury sanctions Canadian money services firms over Iran-related transactions

US Treasury sanctions eight Canadian money services firms and MEXC Global for facilitating transactions with sanctioned Iranian entities, cutting them off from the US financial system and blocking assets.

TokenPost

Remittix has launched its deposit service 'Remittix Earn' for Ethereum, Tether, and USD Coin, offering up to a 21.4% annualized yield. Within four days of its launch, the service achieved a Total Value Locked (TVL) of $1.3 million, although specific conditions for each asset and on-chain data have not been disclosed.

Dow Jones Newswires

What If the Only Companies That Let Their Stocks Be Tokenized Are Crypto Firms? — Barrons.com

A tokenized stock market initiative by OKX and ICE faces significant pushback from non-crypto companies, with only crypto-tied firms agreeing to participate. This highlights issuer concerns about pricing and volatility.