The big surge in CRCL is mainly due to this news: The European Banking Authority (EBA), after completing its assessment based on the standards outlined in the Markets in Crypto-Assets Regulation (MiCA), has designated USDC, issued by Circle Internet Financial Europe SAS, as a significant electronic money token (EMT). Currently, there are 45 EMTs in the EU that have been notified under MiCA, and USDC is the first to be recognized as 'significant'.