Bridge, a stablecoin infrastructure company owned by financial tech giant Stripe, is applying for a national bank trust license from the Office of the Comptroller of the Currency (OCC). If approved, Bridge will provide regulated stablecoin issuance, management and custody services under the framework of the GENIUS Act signed this summer.
Bridge co-founder Zach Abrams said the regulatory structure would allow the company to drive "the tokenisation of trillions of dollars of assets" in compliance. Since Stripe acquired Bridge for $1.10 billion last year, it has quickly integrated stablecoins into its core business, including partnerships with Coinbase and Shopify to support USDC payments, and the launch of the Open Issuance platform for issuing custom stablecoins and the payment optimization blockchain Tempo.
Stripe-owned stablecoin firm Bridge applies for a National Bank trust license
2025-10-14 21:47:20
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