Summary
Crossmint holds MiCA Class 2 CASP (CNMV Spain) + PSD2 Payment Institution authorization — the first stablecoin infrastructure provider with full EU regulatory stack. Bridge (Stripe) holds MiCA CASP + EMI license (Luxembourg CSSF). Key difference: Crossmint's PSD2 covers payment execution under EU payments law, while Bridge's EMI covers electronic money issuance. Crossmint supports 50+ chains, 160+ countries, and counts MoneyGram, Western Union, and Paga as clients. Total funding: $23.6M vs Bridge's $1.1B Stripe acquisition.
Key Points
- Crossmint: MiCA Class 2 CASP (CNMV Spain) + PSD2 PI (Bank of Spain) — covers custody, transfer, payment execution
- Bridge: MiCA CASP + EMI (CSSF Luxembourg) — covers custody, transfer, e-money issuance, euro accounts
- Crossmint: 50+ chains, 160+ countries, 40,000+ enterprises, MoneyGram, Western Union, Paga clients
- Bridge: Stripe-owned, 5M+ merchant distribution, Visa partnership for 100+ country card program
- Crossmint total funding: $23.6M (Series A March 2025, Ribbit Capital-led)
- Bridge: $1.1B Stripe acquisition (Oct 2024); 4x volume growth in 2025
- Crossmint differentiator: agentic finance (Visa cards for AI agents), Africa corridor via Paga
- Bridge differentiator: branded stablecoin issuance, IBANs, euro accounts, Stripe distribution
- Both compete for EU enterprise fintechs; Crossmint stronger on multi-chain breadth, Bridge on distribution scale