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.

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