Stripe's Bridge Completes EU MiCA Registration, EU-Authorized EMT Issuers Increase to 42

TechFlow reports, August 7, according to Cointelegraph, Bridge Building, the Luxembourg entity of Bridge, a stablecoin infrastructure company under Stripe, has officially joined the EU Markets in Crypto-Assets (MiCA) register. Previously, on July 2, Bridge obtained Crypto-Asset Service Provider (CASP) authorization under the MiCA framework and an Electronic Money Institution (EMI) license issued by the Luxembourg Financial Regulatory Commission (CSSF).

Mai Leduc Blount, Head of Product at Bridge, stated that these approvals will allow EU businesses to build stablecoin and payment products within a regulatory framework. According to the latest update from the European Securities and Markets Authority (ESMA), Bridge's addition brings the total number of authorized Electronic Money Token (EMT) issuers in the EU to 42; during the same period, three entities from Germany newly obtained CASP authorization, raising the total number of authorized CASPs in the EU to 324.