#Bridge

Stripe owned Bridge joins EU MiCA register as 42nd authorized stablecoin issuer

Bridge, a stablecoin infrastructure company recently acquired by Stripe for approximately $1.1 billion, has been officially added to the European Union’s MiCA register as an authorized electronic money token (EMT) issuer. This milestone follows Bridge securing both a crypto-asset service provider authorization and an Electronic Money Institution license from Luxembourg’s financial regulator, the CSSF. By joining the register, Bridge becomes the 42nd authorized EMT issuer in the EU, enabling it to provide regulated stablecoin and payment services across all 27 member states under a single framework. This development is significant for the RWA market as it facilitates the issuance of custom euro-backed stablecoins and cross-border settlement for enterprises. The move aligns with the broader implementation of the Markets in Crypto-Assets regulation, which mandates that regulated platforms support only compliant stablecoins. Stripe is actively integrating Bridge’s technology to expand its global payments network and stablecoin-backed card programs. This regulatory approval strengthens Stripe's position in the institutional stablecoin infrastructure space, providing a compliant pathway for businesses to move funds without relying on traditional correspondent banking networks.

crypto.news·2h ago