REPORT

December 29, 2025

USDC MiCA White Paper

This MiCA-compliant white paper published by Circle outlines the legal, operational, and technical framework of the USDC e-money token. It details the token’s issuance and redemption mechanisms, reserve composition, governance arrangements, and underlying infrastructure, together with its classification as an e-money token under MiCA Title IV, including sustainability disclosures.

Click on this link to download the full report. For further updates on MiCA, including new guidance, industry insights, and regulatory developments, keep an eye on the MiCA Crypto Alliance Insights and News sections.
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