Stripe's stablecoin company Bridge applies for a national bank trust license in the United States

ChainCatcher news, Bridge, a stablecoin infrastructure company under fintech giant Stripe, is applying for a national bank trust charter from the Office of the Comptroller of the Currency (OCC). If approved, Bridge will provide regulated stablecoin issuance, management, and custody services under the signed GENIUS Act framework.

Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to drive "the tokenization of trillions of dollars in assets" within a compliant system. Since Stripe acquired Bridge for $1.1 billion last year, it has rapidly integrated stablecoins into its core business, including partnerships with Coinbase and Shopify to support USDC payments, and launched the Open Issuance platform for issuing custom stablecoins and the payment-optimized blockchain Tempo.