Stablecoin platform Bridge, acquired by Stripe last year, has received conditional approval from the Office of the Comptroller of the Currency to later become a federally chartered national bank — joining a growing list of crypto firms seeking federal oversight.
If finalized, the new charter would allow Bridge to custody crypto, issue stablecoins and manage stablecoin reserves. This approval positions Bridge to help enterprises, fintechs, crypto businesses, and financial institutions build with digital dollars within a clear federal framework, the platform said on Tuesday in a statement.
Bridge follows several crypto firms seeking to become federally regulated trusted banks, including Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos — all of which received conditional approval from the OCC in December.
The wave of approvals comes amid a friendlier presidential administration to the crypto industry.
Anchorage Digital Bank has since been the only crypto firm to receive a national trust charter back in 2021.
On Tuesday, Bridge said its compliance framework positions it to be ready to align with a new stablecoin law called the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS for short. President Donald Trump signed that bill into law last year, and federal regulators are working to implement rules.
“Now achieving a national trust bank charter will provide our customers the regulatory backbone they need to build with stablecoins confidently and at scale,” Bridge said.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
