Bridge Secures MiCA and EMI Licenses in Luxembourg, Expanding Legal Operations Across the EU

Bridge said it has obtained MiCA and EMI (electronic money institution) licenses in Luxembourg, allowing it to operate legally across all 27 European Union member states. According to Foresight News, the company said the new licenses will support services including virtual IBANs and euro accounts to facilitate cross-border fund flows within the EU. Bridge said the licensing framework will also support businesses in issuing their own euro-denominated stablecoins for uses such as top-ups, rewards, loyalty programs, or in-app currencies. It added that companies could use their own stablecoins to transfer funds between subsidiaries. In addition, Bridge said the licenses will help banks and financial institutions use stablecoin rails to enable faster and lower-cost inter-institution settlement.