• Bridge, Stripe-owned stablecoin platform, gets conditional OCC approval for national trust bank charter. • Approval allows Bridge to offer stablecoin products, custody, issuance, and reserve management under federal oversight. • Conditional approval pending final review; full charter would enable broader digital asset services for businesses. • Bridge joined other crypto firms like BitGo, Fidelity, Paxos, Circle, Ripple in seeking national trust bank charters. • Stripe acquired Bridge in 2025 for $1.1B to bolster stablecoin payments infrastructure. • OCC granted conditional approvals to several firms in December after GENIUS Act passage. • American Bankers Association urges OCC to slow crypto trust charter approvals amid GENIUS rule clarifications.
Article Summaries:
- Stablecoin platform Bridge, acquired by Stripe last year, received conditional approval from the OCC, the firm said on Tuesday.
- Stablecoin platform Bridge, owned by the payments processor Stripe, said it had received conditional approval to operate as a federally chartered national trust bank under the US Office of the Comptroller of the Currency (OCC). In a Tuesday notice, Bridge said it had received conditional approval from the banking regulator, allowing the company to “operate stablecoin products and services under direct federal oversight” once fully approved. Bridge said the charter would allow it to offer custody of digital assets, issue stablecoins and manage stablecoin reserves. “Our compliance framework alre
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