Stripe’s stablecoin infrastructure subsidiary Bridge has secured dual regulatory approval in Luxembourg, registering under the European Union’s Markets in Crypto-Assets Regulation as an authorized electronic money token issuer. Bridge Building, the entity’s Luxembourg-based parent, obtained both a Crypto-Asset Service Provider authorization and an Electronic Money Institution license from the Commission de Surveillance du Secteur Financier.
The registration covers all 27 EU member states under a single framework and raises the bloc’s total of MiCA-authorized EMT issuers to 42. Concurrently, the European Securities and Markets Authority added three German banks to its register of authorized crypto-asset service providers, bringing the EU-wide total to 324.
The approvals unlock regulated stablecoin services for businesses across Europe. Companies can now issue custom euro-backed stablecoins, provide named virtual IBANs, and execute euro payouts throughout the Union without separate banking relationships in each country. The infrastructure also targets enterprise treasury use cases, enabling cross-border fund movements between subsidiaries and interbank settlements via stablecoin rails rather than traditional correspondent banking.
The milestone follows the EU’s full MiCA transition on July 1, which mandated that regulated platforms support only compliant stablecoins and prompted major exchanges to delist non-compliant assets such as Tether’s USDT.
Beyond Europe, Stripe is aggressively expanding the stablecoin infrastructure it acquired through its approximately $1.1 billion purchase of Bridge. In March, Visa broadened its partnership with the subsidiary to introduce stablecoin-backed card programs in more than 100 countries by the end of 2026. Stripe has also established sponsor bank relationships and payment network connections to support what it describes as the first stablecoin settlement flow in the United States, with annualized payment volume reportedly reaching tens of millions of dollars.
Simultaneously, Stripe is pursuing a potentially transformative consolidation in the payments sector. Together with private equity firm Advent International, it has reportedly submitted a roughly $53 billion proposal to acquire PayPal.
If realized, the deal would merge PayPal’s crypto payment products—including the Paxos-issued PYUSD stablecoin—with Stripe’s regulated Bridge infrastructure, creating a vertically integrated giant spanning traditional and blockchain-based payments. While PayPal’s board has reportedly regarded the offer as undervaluing the company, discussions remain active, underscoring Stripe’s ambition to dominate both fiat and stablecoin payment rails globally.
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