Stripe-owned Bridge secures EU-wide regulatory clearance

These dual licenses allow businesses to bypass the traditional requirement of establishing separate banking relationships in each country. Companies utilizing the platform can now issue custom euro-backed stablecoins, generate virtual IBANs in customer names, and facilitate cross-border euro accounts through a single integration. For enterprises, this shift enables the transfer of funds between subsidiaries using stablecoin infrastructure, effectively circumventing the limitations of conventional interbank messaging systems.

According to Mai Leduc Blount, Head of Product at Bridge, the integration streamlines operations for firms building loyalty programs, rewards systems, or in-app payment products. By managing the underlying reserve requirements and regulatory safeguards, Bridge allows these entities to deploy financial tools without constructing their own compliance infrastructure. This expansion aligns with the final phase of the EU’s MiCA transition, which mandates that regulated platforms support only compliant stablecoins. As firms like CACEIS and Bridge secure authorizations, other market participants, including Tether, have faced friction, leading several exchanges to restrict certain assets to remain within the new regulatory perimeter.