Stripe's stablecoin company Bridge applies for a US national bank trust license

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