Bridge, the stablecoin infrastructure company acquired by fintech giant Stripe, is applying for a national bank trust charter through the U.S. Office of the Comptroller of the Currency, one of the major federal banking regulators.
If approved, Bridge would be able to operate under a unified federal framework consistent with the GENIUS Act, the stablecoin legislation signed into law this summer, co-founder Zach Abrams said on Wednesday.
In particular, Bridge would be able to provide regulated stablecoin issuance, management, and custody services.
“We’ve long believed stablecoins will be a core, regulated financial building block. This regulatory infrastructure will enable us to tokenize trillions of dollars and make this future possible,” Abrams wrote on X. Stripe first signaled it would apply for OCC oversight two weeks ago.
Bridge is joining stablecoin issuers like Circle (ticker CRCL), Paxos, and Ripple in seeking federal oversight. Anchorage Digital is currently the only crypto-native firm with a federal banking charter since receiving OCC approval in 2021.
Stripe has moved quickly to develop its stablecoin unit, including by incorporating stablecoins into its core business, since its blockbuster $1.1 billion acquisition of Bridge last year.
For instance, in June, Stripe partnered with Coinbase and Shopify to make it easier for merchants to accept payments made in Circle’s USDC stablecoin. Months later, the company unveiled its Open Issuance platform to assist companies in launching bespoke stablecoins using Bridge’s infrastructure, while a planned Layer 1 blockchain, Tempo, will be optimized for payments.
Moreover, Bloomberg reported on Tuesday that Stripe is rolling out “subscription” payments using stablecoins.
© 2025 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
