Bridge, Stripe's stablecoin infrastructure firm, has secured dual regulatory approvals in the EU. The company received Crypto-Asset Service Provider authorisation under the Markets in Crypto-Assets (MiCA) regulations and an Electronic Money Institution licence from Luxembourg's Commission de Surveillance du Secteur Financier.
The authorisations enable Bridge's clients across all 27 EU member states to integrate cross-border money movement into their products. This means companies can now offer named IBANs and euro accounts, allowing for seamless payments within the region.
Bridge's platform also enables the creation of custom EUR-backed stablecoins for on/off ramps, rewards, loyalty programmes, or in-app currencies. Enterprises can move money between subsidiaries using bespoke stablecoins, which can be used for various business purposes.
Ahead of this development, Bridge received conditional approval from the Office of the Comptroller of the Currency to establish a federally chartered national trust bank. This charter will permit the company to conduct its digital asset custody, stablecoin issuance, orchestration, and reserve management services under direct federal supervision.