Stripe-Owned Bridge Joins EU MiCA Register as 42nd Authorized Stablecoin Issuer

Bridge, a company owned by Stripe, has joined the European Union's MiCA register as an authorized electronic money token issuer. This move brings the total number of authorized issuers to 42 and allows Bridge to offer regulated stablecoin services throughout all 27 EU member states.

The Luxembourg-based entity behind Bridge secured regulatory approvals in July after obtaining both a MiCA crypto-asset service provider authorization and an Electronic Money Institution (EMI) license from the Commission de Surveillance du Secteur Financier (CSSF).

Bridge's registration is significant as it allows businesses to issue custom euro-backed stablecoins, create named virtual IBANs, and provide euro accounts that work across the EU.

This development comes as Stripe continues expanding its stablecoin infrastructure, which was acquired through a $1.1 billion purchase of Bridge in July 2023.