$USDC Under Pressure?

Privacy coins are being explicitly banned in the wake of the EU’s latest anti-money laundering (AML) regulations, but now there are reports that regulated stablecoins like USDC could also be subject to stricter regulations.

USDC, a fully backed and transparent stablecoin issued by Circle, is currently supported at the banking level, but EU rules could also tighten restrictions on transactions with unlicensed or less transparent digital assets.

The move could affect institutional use of crypto in Europe, especially for companies that use USDC in international settlements and smart contracts.

Final legislation is expected in the coming