Key Takeaways

• Wall Street analysts at JPMorgan warn that Strategy’s updated Bitcoin liquidation policy creates “avoidable two-way risk” for cryptocurrency investors
• The company can now liquidate Bitcoin holdings to cover preferred shareholder dividends and optimize its financial position
• Strategy controls approximately 4.2% of all Bitcoin in circulation and has purchased between $8.2B and $13.7B in digital assets this year, representing roughly 70% of total net inflows
• According to JPMorgan analysts, Strategy requires cash buffers sufficient for 24–36 months of dividend payments — substantially more than its present ~17-month coverage
• Bitcoin gained 3.4% to reach $62,127 on Thursday; STRC shares remain down approximately 75% year-over-year

Strategy has long cultivated its identity as the unwavering Bitcoin accumulator. That perception is now facing serious challenges.

Strategy Inc, MSTR

A recent analysis from JPMorgan raises concerns that Michael Saylor’s financial restructuring at Strategy Inc. has fundamentally altered Bitcoin market mechanics. Analysts at the investment bank suggest the transformation has converted crypto’s most prominent accumulator into a potential liquidity provider — a development that’s creating uncertainty among market participants.

Strategy’s shares experienced a substantial rally of approximately 20% following Monday’s restructuring disclosure. Despite this bounce, the equity remains down roughly 75% from levels seen twelve months ago.

Bitcoin extended its recovery streak on Thursday, advancing up to 3.4% and touching $62,127. The cryptocurrency’s gains were largely attributed to weaker-than-anticipated employment data from the United States, which sent shorter-maturity Treasury yields declining.

Strategy’s Policy Transformation

Strategy unveiled what it’s branding as the BTC Monetization Program this week. Under this framework, the corporation has authorized itself to liquidate as much as $1.25 billion in Bitcoin holdings to strengthen cash balances, satisfy preferred equity dividend commitments, service debt obligations, and execute security repurchases.

The firm has also established a minimum liquidity threshold that must cover no less than 12 months of preferred dividend requirements. Current cash reserves stand at approximately $2.55 billion, providing coverage for about 17 months of scheduled payments.

JPMorgan’s research team, headed by managing director Nikolaos Panigirtzoglou, considers this insufficient. Their analysis suggests Strategy requires reserves spanning 24 to 36 months to adequately assure market participants that Bitcoin asset sales won’t be necessary.

“We believe a higher coverage of 24–36 months would be needed to make investors more comfortable with the idea that Strategy would not need to sell bitcoins in the foreseeable future,” the analysts wrote.

Market Implications for Bitcoin

Strategy represents the world’s largest institutional Bitcoin holder. The company’s treasury contains approximately 4.2% of Bitcoin’s entire circulating supply. Throughout the current year, Strategy has accounted for an estimated 70% of net digital asset capital inflows, accumulating somewhere between $8.2 billion and $13.7 billion in cryptocurrency purchases.

Given this extraordinary market presence, any indication of potential selling activity carries disproportionate weight. When Strategy revealed the disposal of merely 32 Bitcoin — valued at $2.5 million — on June 1, the disclosure contributed to a prolonged selloff that drove Bitcoin down over 50% from its peak valuation.

JPMorgan’s analysts described the situation bluntly: “The possibility that Strategy would be selling bitcoins introduces two-way risk into crypto markets, inducing more uncertainty and volatility for bitcoin prices that could have been avoided.”

Strategy’s preferred securities have experienced downward pressure as well. The company’s Stretch preferred instruments were changing hands around $87.50 on Thursday — remaining beneath the $100 nominal value required to profitably issue additional securities.

The JPMorgan analysis noted that improved cryptocurrency market performance in the second half will likely require Congressional approval of the US market structure legislation, commonly referred to as the Clarity Act. Should both prerequisites materialize — enhanced cash reserves and regulatory advancement — analysts indicated that prevailing negative sentiment might represent a contrarian entry opportunity.

There are other advantages too. Tokenization enables different forms of digital money, such as tokenized bank deposits, fiat-pegged stablecoins, and tokenized central bank reserves to function seamlessly as settlement assets on the same ledger.

It also allows high-quality assets to be quickly deployed across platforms as collateral.

But all this is not without risk.

The hidden danger

The delays that tokenization eliminates aren’t just inefficiencies, Adrian wrote. They also give banks, regulators and risk managers time to catch problems before they spread.

Remove this buffer, and a market shock, a coding error, or a sudden wave of automated selling could ripple through the system before anyone can intervene.

“Liquidity demands materialize in real time, collateral calls can be automated, and failures can propagate faster than institutions or supervisors can respond,” he wrote. “Risk [sic] that once were borne by the balance sheet of individual institutions behind a transaction become increasingly concentrated in the platforms and code that govern these transactions.”

Adrian also flagged concentration risk. Tokenization tends to funnel activity onto fewer, larger platforms. “When infrastructure becomes the central hub,” he warned, “governance failures become systemic events.”

On cybersecurity, he warned that consolidation onto shared ledgers “amplifies the importance of operational resilience, cybersecurity, and crisis management.”

Ireland’s Criminal Assets Bureau (CAB) confirmed the seizure of another 500 Bitcoin, currently worth about 27 million euros ($30.9 million), in collaboration with Europol’s European Cybercrime Centre. 

That brings the total Bitcoin seized by CAB in 2026 to 1,500 BTC, worth about $92.4 million, the law enforcement agency said in a social media post on Thursday. CAB said Europol had provided operational coordination, technical expertise and decryption support during the investigation.

The agency did not disclose the identity of the wallet owner or details of the underlying investigation, adding that it had no further comment.

The latest seizure comes months after CAB said it had gained access to and seized a cryptocurrency wallet containing 500 Bitcoin, which Irish media linked to a convicted drug dealer.

CAB seized another 500 BTC. Source: Criminal Assets Bureau

Collins-linked Bitcoin wallet becomes active

Following the previous seizure, The Irish Times reported that the wallet authorities accessed in March was one of 12 holding about 6,000 BTC once owned by Clifton Collins, a convicted drug dealer. The paper containing the wallet’s private keys was reportedly lost.

While authorities haven’t confirmed whether the latest seizure is linked to Collins, a wallet address associated with him moved 500 Bitcoin to an unknown address on Thursday. Wallets associated with Collins still hold 4,500 Bitcoin, currently worth about $277 million, as of Friday.

Source: Arkham

Related: US sanctions Sinaloa cartel-linked Ethereum addresses

Collins was arrested in 2017 after police searched his car and found a stash of cannabis, according to the Guardian.

Police said Collins used proceeds from his drug operation to purchase 6,000 Bitcoin in late 2011 and early 2012, spreading the holdings across 12 wallets. He stored the wallet keys on a single sheet of A4 paper, hidden inside the aluminum cap of a fishing rod case at his rental home.

Collins’ landlord allegedly discarded his belongings after his arrest. Collins claimed the fishing rod case was stolen before the landlord entered the property.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026 

US-listed spot Bitcoin exchange-traded funds snapped back into positive territory this week, recording their first daily net inflow above $200 million since early May. The shift marks a notable interruption to a prolonged outflow cycle that has been weighing on inflows for much of the year.

According to SoSoValue data, the ETFs pulled in $221.7 million in net inflows on Thursday. That ended a 10-day streak of net outflows totaling more than $2.7 billion, following what many market participants have described as one of the weakest periods for US spot Bitcoin ETF demand in 2024.

Key takeaways

• US spot Bitcoin ETFs recorded $221.7 million in net inflows on Thursday, ending a 10-day outflow run totaling over $2.7 billion.
• June stood out as a particularly tough month for flows, with net outflows reaching a record $4.5 billion, according to earlier coverage cited by the report.
• Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the rebound with $166 million in net inflows, accounting for about 75% of the day’s total, per Farside Investors.
• BlackRock’s iShares Bitcoin Trust (IBIT) continued to see outflows, with $40.4 million leaving the fund on Thursday and over $2.2 billion lost across an 11-session streak since June 17.
• While Bitcoin flows improved, sentiment remained fragile, with the Fear & Greed Index reading “extreme fear” as Bitcoin recovered above $61,000.

Bitcoin ETF demand reverses after a prolonged outflow stretch

The most immediate story behind Thursday’s turnaround is the magnitude of the inflow itself. After weeks in which spot Bitcoin ETF balances were consistently reduced by withdrawals, investors added risk back to the funds—at least for a day—bringing net inflows above the $200 million threshold that had not been seen since early May.

SoSoValue’s tracking shows Thursday’s $221.7 million inflow broke a 10-day streak of net outflows. In context, the report also points to June as a low point: US spot Bitcoin ETFs logged a record $4.5 billion in net outflows during the month, underscoring how difficult the demand backdrop has been.

Market conditions appear to be part of the catalyst. At the same time as ETF flows improved, Bitcoin regained the $61,000 area after briefly dipping below $59,000. The day’s broader sentiment remained cautious, however, with Alternative.me’s Fear & Greed Index sitting at an “extreme fear” reading on Friday.

One notable viewpoint referenced in the report comes from Bitwise Chief Investment Officer Matt Hougan, who suggested that the market could be nearing a bottom, reflecting a growing contingent of investors interpreting the recent selloff as potentially late-cycle rather than early-cycle.

Fidelity leads inflows; BlackRock’s IBIT remains under pressure

Thursday’s inflow rebound was not evenly distributed across issuers. Fidelity’s Wise Origin Bitcoin Fund (FBTC) stood out as the primary driver of the positive day, pulling in $166 million in net inflows. Farside Investors data cited in the report indicates this represents roughly 75% of the total inflow.

Other funds contributed smaller amounts. ARK 21Shares’ Bitcoin ETF (ARKB) added $91.8 million in net inflows, while the VanEck Bitcoin ETF (HODL) attracted $4.4 million and Valkyrie’s Bitcoin Fund (BRRR) recorded $1.7 million.

However, the rebound did not extend to the largest issuer in a way that would suggest a full marketwide reversal of investor caution. BlackRock’s iShares Bitcoin Trust (IBIT)—the largest US spot Bitcoin ETF by assets—continued to post net outflows. On Thursday, IBIT recorded $40.4 million in net outflows.

According to the report, IBIT has now lost more than $2.2 billion during an 11-session outflow streak that began on June 17. For investors watching ETF flows as a proxy for institutional appetite, the divergence is important: even as some funds see renewed inflows, persistent withdrawals from a dominant player can limit how quickly overall sentiment can stabilize.

Altcoin ETFs also see inflows as crypto market cap rises

The flow recovery extended beyond Bitcoin. The report notes that US spot Ether ETFs posted net inflows on Thursday, attracting $29.1 million—after $14.9 million in inflows the previous day.

XRP ETFs also returned to positive territory, adding $6.6 million after two consecutive sessions of net outflows. Together, these developments suggest that the rebound in risk appetite—however uneven—was not limited strictly to the largest asset in the space.

Broader market metrics aligned with the improved tone in flows. The report states that global crypto market capitalization increased by 2.4% over the past 24 hours to $2.22 trillion, based on CoinGecko data, while Bitcoin recovered above $61,000.

What traders and investors should monitor next

Thursday’s inflow figure is a meaningful signal, but it’s also a single day in a still-fragile pattern. With IBIT continuing to bleed out and overall sentiment still described as “extreme fear,” the next few sessions will matter most: investors will likely watch whether inflows persist across multiple days and whether outflows from the largest fund begin to slow, or if Thursday’s rebound turns out to be temporary.

Key Highlights

• Securitize (SECZ) launched on the New York Stock Exchange following a SPAC merger with Cantor Fitzgerald
• The firm made history by tokenizing its stock on both Solana and Avalanche blockchains on its first trading day
• Launch day saw $295 million worth of tokenized SECZ shares held by investors
• The public offering generated $400 million in capital, pushing the company’s valuation beyond $1 billion
• Industry analysts at Citigroup forecast the tokenization sector could balloon to $5.5 trillion-$8.2 trillion by decade’s end

On Thursday, Securitize officially began trading on the New York Stock Exchange with the ticker symbol SECZ. The company’s public market entry came through a combination with a special-purpose acquisition company supported by Cantor Fitzgerald, generating $400 million in proceeds and achieving a valuation exceeding $1 billion.

The shares concluded their inaugural trading session with a 4.4% gain, settling at $12.30 after reaching an intraday peak of $13.70. Extended trading hours saw additional momentum, with shares advancing another 2.4% to close at $12.60.

In an unprecedented move coinciding with its market debut, Securitize converted its own equity into digital tokens on both the Solana and Avalanche blockchain networks. This milestone marked the first instance of a newly listed public company tokenizing its stock immediately upon going public.

Blockchain analytics from RWA.xyz revealed that investors possessed $295 million in tokenized SECZ equity on the opening day. According to the company, these digital tokens correspond to the identical common stock available on the NYSE, rather than constituting a distinct security class.

The Unique Nature of This Tokenization

Most tokenized equity offerings currently available come from third-party issuers or operate beyond U.S. jurisdiction. Securitize emphasizes that its approach is issuer-sponsored, granting the company direct oversight of the tokenization mechanism.

Qualified U.S. investors can obtain the tokenized equity through Securitize’s digital platform following identity verification procedures and compliance with securities regulations.

“SECZ is not a synthetic token or offshore wrapper,” said CEO Carlos Domingo. “It is issuer-sponsored tokenization of the same common stock trading on the NYSE.”

The U.S. Securities and Exchange Commission announced in January that issuer-sponsored tokenized securities fall under existing U.S. securities regulations. Reports from May indicated the SEC was developing an exemption framework for tokenized equity trading, though the initiative was postponed following objections from traditional exchange operators.

Securitize’s Position in Tokenization Infrastructure

Established in 2017, Securitize has developed tokenization technology for leading financial institutions such as BlackRock, Apollo, KKR, Hamilton Lane, and VanEck.

The platform counts BlackRock and Morgan Stanley among its institutional investors.

In March, Securitize formed a strategic alliance with Intercontinental Exchange, the parent organization of the NYSE, to build infrastructure supporting tokenized equity securities. Additional partnerships with transfer agents Computershare and Continental aim to facilitate blockchain-based share issuance for public corporations.

Current Market Landscape

The aggregate value of tokenized real-world assets has surpassed $43 billion. Tokenized money market instruments dominate this space, while tokenized commodities represent approximately $7 billion and tokenized equities account for $1.6 billion, based on Token Terminal data.

Citigroup’s recent analysis suggests the tokenization industry could expand to a range of $5.5 trillion to $8.2 trillion by 2030. Boston Consulting Group and Ripple offer an even more optimistic projection, estimating $18.9 trillion by 2033.

Securitize’s market entry establishes it as a significant participant in this anticipated expansion, with its own equity immediately accessible on two leading blockchain platforms from the outset.

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their first daily net inflow above $200 million since early May, snapping weeks of sustained withdrawals.

The funds attracted $221.7 million in net inflows on Thursday, according to SoSoValue data, ending a 10-day streak of net outflows that totaled more than $2.7 billion.

The rebound follows one of the weakest stretches for US spot Bitcoin ETFs this year, with the funds posting a record $4.5 billion in net outflows in June.

Daily flows in US-listed spot Bitcoin ETFs. Source: SoSoValue

The inflows came as Bitcoin reclaimed the $61,000 level after briefly falling below $59,000, with some investors, including Bitwise chief investment officer Matt Hougan, suggesting the market could be nearing a bottom. Crypto market sentiment on Friday was measured at an “extreme fear” reading by the Fear & Greed Index from Alternative.me.

Fidelity leads ETF rebound as BlackRock outflows continue

Fidelity’s Wise Origin Bitcoin Fund (FBTC) led Thursday’s rebound with $166 million in net inflows, accounting for roughly 75% of the day’s total, according to Farside Investors data.

ARK 21Shares Bitcoin ETF (ARKB) followed with $91.8 million in inflows, while the VanEck Bitcoin ETF (HODL) and Valkyrie Bitcoin Fund (BRRR) attracted $4.4 million and $1.7 million, respectively.

Source: Farside Investors

Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, continued to bleed, posting $40.4 million in net outflows on Thursday. The fund has lost more than $2.2 billion during an 11-session outflow streak since June 17.

Altcoin ETFs post inflows as sentiment stays in fear

The recovery in ETF flows extended beyond Bitcoin, with altcoin investment products also posting net inflows on Thursday.

US spot Ether ETFs attracted $29.1 million on Thursday, following $14.9 million in inflows a day earlier. XRP ETFs also returned to net inflows, attracting $6.6 million after two consecutive sessions of outflows.

Related: Swan’s Cory Klippsten sees record Bitcoin holder supply revealing early bottom

The global crypto market cap climbed 2.4% to $2.22 trillion over the past 24 hours as Bitcoin recovered above $61,000, according to CoinGecko data.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves

Key Takeaways

• Analysts project a probability-weighted XRP price of approximately $7.90 by 2031
• The most likely scenario places XRP in the $5 to $8 range, representing a market capitalization between $325 billion and $520 billion
• By early 2026, spot XRP exchange-traded funds in the United States had attracted more than $1.5 billion in net inflows
• Institutional players such as Goldman Sachs have revealed holdings in XRP ETF products
• Pessimistic projections suggest $1–$2, while optimistic forecasts reach as high as $15–$25

As one of the most prominent digital assets by market capitalization globally, XRP faces an uncertain but potentially lucrative future. A comprehensive five-year analysis presents three distinct price trajectories for the cryptocurrency, spanning from $1 to $25 by 2031, with a weighted average settling near $7.90.

The forecast methodology applies a 50% likelihood to the moderate scenario, while allocating 25% probability each to both the pessimistic and optimistic outcomes.

Unlike Bitcoin and Ethereum, which appeal broadly to retail investors, XRP’s value proposition centers on enterprise-level adoption. Its primary use cases revolve around institutional financial services rather than individual consumer transactions.

The analysis identifies Ripple’s payment network, the underlying XRP Ledger technology, and the expanding RLUSD stablecoin infrastructure as fundamental growth catalysts. Improved regulatory frameworks and increased tokenization of real-world assets complete the list of favorable conditions.

Exchange-Traded Funds Attract $1.5 Billion-Plus

The introduction of regulated spot XRP exchange-traded funds in the United States has fundamentally altered the token’s market dynamics. By March 2026, these investment vehicles had collectively drawn over $1.5 billion in capital.

A diverse group of prominent asset management firms now provides XRP ETF access, including Franklin Templeton, Bitwise, Grayscale, Canary Capital, and 21Shares. The disclosure of XRP ETF holdings by Goldman Sachs signals expanding acceptance among traditional financial institutions.

Continued demand through these regulated investment products is anticipated to remain a critical factor influencing XRP’s valuation throughout the forecast period.

The moderate scenario—projecting $5 to $8—envisions steady expansion driven by increasing institutional integration across cross-border payment systems, tokenized securities, and compliance-focused investment channels.

Downside Risks and Upside Potential

The optimistic projection targets a price band of $15 to $25. Achieving this outcome would require significant adoption of XRP infrastructure by banking institutions, wealth managers, and payment processors for transaction settlement and liquidity management. This scenario also assumes sustained ETF capital flows and reduced exchange supply as institutional custody increases.

The pessimistic outlook confines XRP to the $1 to $2 range. The primary vulnerability centers on execution risk: Ripple’s commercial operations might expand without generating corresponding demand for the native XRP token.

Additional headwinds include intensifying competition from Ethereum, Solana, fiat-backed stablecoins, and proprietary settlement systems operated by financial institutions. Despite recent improvements, regulatory ambiguity continues to pose challenges.

The analysis emphasizes that XRP now enjoys advantages including institutional market participation, multiple regulated ETF offerings, and growing real-world asset tokenization applications on its native ledger.

The probability-adjusted price target for the five-year horizon stands at roughly $7.90 by 2031. Through March 2026, XRP ETF products from various issuers had accumulated inflows surpassing $1.5 billion.

Key Takeaways

• Leading cryptocurrency exchange Binance is preparing to anchor a major funding round for crypto payments infrastructure provider Mesh
• The anticipated investment could establish Mesh’s valuation at $2 billion, representing a 100% increase from its $1 billion worth in January 2026
• In January, Mesh secured $75 million in Series C financing spearheaded by Dragonfly Capital, with support from Paradigm and Coinbase Ventures
• The company specializes in creating bridges between digital wallets, trading platforms, stablecoins, and traditional financial systems
• Neither Binance nor Mesh has publicly confirmed the transaction details

Binance is moving forward with plans to spearhead a significant funding round for Mesh, a cryptocurrency payments and settlement infrastructure provider, according to a recent report from Axios. Sources close to the situation indicate the round could value the company at approximately $2 billion.

Both parties have yet to issue official statements regarding the transaction.

Extraordinary Valuation Surge for Payment Startup

Earlier this year in January 2026, Mesh successfully closed a $75 million Series C financing round that valued the company at $1 billion. Dragonfly Capital served as the lead investor, joined by notable participants including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.

Should this latest funding round complete at the anticipated $2 billion mark, Mesh would achieve a remarkable doubling of its enterprise value within approximately half a year.

Previously operating under the name Front Finance, Mesh develops critical infrastructure that enables seamless connections between cryptocurrency wallets, exchange platforms, digital currencies, and conventional fiat payment rails.

The company addresses a persistent challenge in cryptocurrency commerce: users frequently possess one type of digital asset while merchants or service providers prefer receiving payment in different assets or traditional currency. Mesh provides the essential conversion and settlement infrastructure that bridges this gap.

Stablecoin Expansion Fueling Infrastructure Investment

Surging interest in stablecoin technology is directing investment capital toward crypto settlement infrastructure companies. Analysts point to increasingly clear regulatory frameworks for stablecoins and expanding tokenization initiatives across financial markets as key drivers behind this trend.

Financial institution Circle recently introduced regulated stablecoin settlement capabilities following regulatory approval in Luxembourg. The institution now facilitates USDC, USDG, and its proprietary EURI token for enterprise-level fiat-to-crypto conversions.

Meanwhile, prominent U.S. financial institutions are collaborating on a tokenized deposit infrastructure through the Clearing House initiative, with an expected rollout in early 2027. This framework will enable banks to process tokenized deposits continuously within established regulatory parameters.

Mesh occupies a strategic position within this transformation. The company concentrates on facilitating value transfer across various assets, wallets, and payment networks—precisely where institutional capital is concentrating.

Strategic partnerships have also driven the company’s expansion. During 2024, Mesh formed an alliance with Italian cryptocurrency wallet provider Conio, delivering users enhanced access to multiple exchange platforms and withdrawal capabilities through Mesh’s connectivity infrastructure.

A Binance-anchored investment round would signal that major cryptocurrency exchanges recognize payment and settlement infrastructure as a critical growth vertical.

Investment capital has increasingly shifted away from basic trading applications and token projects toward platforms supporting compliant payments, international transfers, and asset settlement operations.

Mesh’s reported valuation demonstrates this market evolution. Upon confirmation, the transaction would position Mesh as a central player within the expanding stablecoin and asset tokenization ecosystem.

The funding round’s anticipated completion timeline remains undisclosed.

Bridge has secured both a Markets in Crypto-Assets (MiCA) crypto-asset service provider authorization and an Electronic Money Institution (EMI) license in Luxembourg, giving it a regulated framework to offer services across all 27 European Union member states.

According to Bridge, the dual licensing allows the company to operate under the European Union’s MiCA framework while expanding its stablecoin and euro payment services for businesses and developers throughout the bloc. 

The company said the approvals were granted in Luxembourg and cover all EU member states under a single regulatory regime that includes requirements for capital reserves, custody, and operational safeguards.

The licenses also introduce new products for companies building on Bridge’s infrastructure. Businesses will be able to issue custom euro-backed stablecoins, create virtual IBANs in customers’ names, and offer euro accounts that work across the European Union without establishing separate banking relationships in each country, according to the announcement.

New payment tools for European businesses

Bridge said fintech companies can use the platform to provide named IBANs and cross-border euro accounts through one integration. Businesses launching loyalty programs, rewards systems, on and off ramps, or in-app payment products will also be able to issue their own EUR-backed stablecoins without building reserve management and regulatory infrastructure themselves.

The company added that enterprises can use custom stablecoins to transfer funds between subsidiaries instead of relying on correspondent banking networks. Banks, meanwhile, can settle transactions between institutions through stablecoin infrastructure rather than conventional interbank messaging systems.

“A business in the EU can now issue its own euro stablecoin and pair it with named IBANs and named EUR payouts across all 27 member states, on a single integration,” Mai Leduc Blount, Head of Product at Bridge, said in an accompanying statement.

Bridge has already been expanding its regulated payments business outside Europe as well. In March, Visa announced it was extending its partnership with the Stripe-owned company to bring stablecoin-backed Visa cards to more than 100 countries by the end of 2026.

Europe tightens stablecoin rules under MiCA

The approvals come days after the European Union completed the final phase of its MiCA transition on July 1, requiring regulated crypto platforms to support only compliant stablecoins. 

While companies such as Bridge and CACEIS continue securing MiCA authorization to expand regulated services across the bloc, other market participants have been scaling back operations that no longer meet the framework.

As previously reported by crypto.news, Coinbase, Kraken, and Crypto.com removed USDT trading for European users after Tether chose not to seek MiCA authorization. 

Crypto exchange Binance has also implemented MiCA-related service changes and said affected users would continue to have access to options previously communicated by the exchange, including withdrawals and transfers where applicable.