CoinMeta data: The European Union banking regulatory authorities ( EBA ) have classified the USDC stablecoin of Circle as a “significant electronic money token”, which means that this stablecoin will be jointly regulated by EBA and the regulatory authorities in France. USDC is the second-largest stablecoin by market capitalization, with a market value of approximately $73 billion. This classification is an acknowledgment of 45 other projects and reflects the EU’s regulatory requirements for US dollar-pegged stablecoins.