Stripe's Bridge was approved to join the EU MiCA registration list in Luxembourg

Comparatively, Bridge Building, the Luxembourgish entity of Stripe's stablecoin infrastructure company Bridge, has joined the European Union's Crypto Asset Market Regulation (MiCA) registration list after receiving regulatory approval from Luxembourg.

According to the latest update issued by the European Securities and Markets Authority (ESMA), Bridge's addition brought the number of MiCA authorized electronic currency token (EMT) issuers on the EU registration list to 42.

The addition comes a few weeks after Bridge announced on July 2 that it has been authorized as a cryptographic asset service provider (CASP) under MiCA and an electronic money institution (EMI) license issued by the Luxembourg Financial Supervisory Commission. Bridge product lead Mai Leduc Blount said these approvals enable EU businesses to build stablecoins and payment products under a regulated framework.