Bridge joins MiCA register, lifting EU EMT issuers to 42

Bridge Building, the Luxembourg entity behind Stripe-owned stablecoin infrastructure company Bridge, has been added to the European Union's MiCA register as an authorized electronic money token issuer, lifting the bloc's total to 42. ESMA's Wednesday update also added three German crypto-asset service providers - Volksbank Die Gestalterbank, VBU Volksbank im Unterland and VR-Bank Erding - taking the EU total to 324, while no asset-referenced token issuers were added. Bridge said on July 2 that it had secured MiCA CASP authorization and an Electronic Money Institution license from Luxembourg's Commission de Surveillance du Secteur Financier, allowing it to offer regulated stablecoin and euro payment services across all 27 EU member states, including custom euro-backed stablecoins, named virtual IBANs and EU-wide euro accounts. The approval followed the EU's final MiCA transition on July 1, after which exchanges including Coinbase, Kraken and Crypto.com removed USDT trading for European users because Tether did not seek authorization. Bridge's registration extends Stripe's push into regulated stablecoin payments after its approximately $1.1 billion acquisition of the company.

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