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Stripe’s Bridge gains MiCA approval for EU stablecoin operations


Stripe’s Bridge gains MiCA approval for EU stablecoin operations

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Luxembourg approved Stripe's Bridge for MiCA authorization as a crypto-asset service provider (CASP) and Electronic Money Institution (EMI), allowing it to operate as a regulated stablecoin service provider across all 27 EU member states under one regime. The decision offers regulatory clarity that should boost crypto adoption and payments use cases in the EU, strengthens Stripe's compliant issuance and market access versus CEXs and other payment providers, and increases competitive pressure in the stablecoin and DeFi ecosystem.

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Stripe’s Bridge has received approval from the Luxembourg government for its Markets in Crypto Assets (MiCA) authorization as a crypto-asset service provider (CASP) and Electronic Money Institution (EMI) licence. This will allow it to legally operate as a stablecoin service provider in all 27 countries of the European Union (EU) under one regulatory regime. The...
Read the article at CryptoPolitan

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