Bridge Joins EU MiCA Register as Stripe-Owned Stablecoin Infrastructure Gains Regulatory Approval

Bridge Building, a Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has secured regulatory approval in Luxembourg and joined the European Union's Markets in Crypto-Assets Regulation (MiCA) register. This brings the number of MiCA-authorised Electronic Money Token (EMT) issuers in the EU register to 42.

The addition came after Bridge announced on July 2 that it had secured a Crypto-Asset Service Provider (CASP) authorization under MiCA and an Electronic Money Institution (EMI) licence from Luxembourg's Commission de Surveillance du Secteur Financier. Mai Leduc Blount, Head of Product at Bridge, said the approvals allow businesses in the EU to build stablecoin and payment products under a regulated framework.

The same ESMA update added three new CASP entries from Germany, bringing the total number of authorised CASPs in the EU register to 324. The update showed no changes to asset-referenced token authorizations or non-compliant crypto asset companies.