Circle seeks 60 percent EU reserve rule change: What it means for the USDC price

Published on 10/27/2026 at 07:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Supply fell 500 million through October 22. The USDC price is 1.0010 USD on October 27, 2026; adjusted supply was 69.62 billion on October 12.

Regulation and payment activity

Circle asked on October 1, 2026, for a liquidity-based alternative to the 60 percent bank-deposit rule.
USDC processed 36 trillion USD in on-chain transactions during the first half of 2026.
The USDC price stands at 1.0010 USD as of October 27, 2026.
European Banking Authority supervision begins on November 12, 2026.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

USDC (USDC) is at the center of a European reserve-rule dispute after Circle sought a change covering a 60 percent bank-deposit requirement on October 1, 2026. TokenPost reported the request on October 20, 2026, while the USDC price stands at 1.0010 USD as of October 27, 2026.

Circle challenges the 60 percent deposit rule

Circle asked the European Commission to replace the fixed minimum with a standard based on asset liquidity, according to TokenPost. The rule applies to significant e-money token issuers under the Markets in Crypto-Assets Regulation and requires 60 percent of reserves to be held as bank deposits, compared with 30 percent for other e-money tokens.

The same report said the European Banking Authority classified USDC as the first significant e-money token among 45 notified tokens on October 14, 2026. Direct EBA supervision of own funds, reserve assets, liquidity requirements, and recovery and redemption plans is scheduled to begin on November 12, 2026.

36 trillion USD moved on-chain in six months

USDC processed more than 36 trillion USD in on-chain transaction volume during the first half of 2026, according to CryptoSlate in a report published October 16, 2026. Circle's figures put USDC at approximately 77 percent of global stablecoin transaction volume by June 2026.

Supply measurement varies by methodology. Allium reported an adjusted on-chain USDC supply of 69.62 billion USD on October 12, 2026, after accounting for bridged copies that can otherwise be counted more than once. The data provider also said reserve quality and accessibility remain central to the stability of a fiat-backed token.

USDC price remains near the dollar peg

The USDC price stands at 1.0010 USD as of October 27, 2026, according to Investing.com. The page lists a daily high of 1.0010 USD and a daily low of 1.0009 USD for the UTC day. Market capitalization is 72.15 billion USD, ranking USDC sixth, while 24-hour volume is 14.05 billion USD. Circulating supply is 72.16 billion USDC.