Stripe-owned stablecoin platform Bridge said Tuesday it has secured a conditional approval from the Office of the Comptroller of the Currency to form a federally chartered national trust bank.
Bridge Gears For Federal Oversight
Bridge stated on X that once the charter is fully approved, it would be able to operate stablecoin products and services under direct federal oversight.
Subject to relevant law and OCC requirements, Bridge would be allowed to offer services such as custody of digital assets, stablecoin issuance and stablecoin reserve management.
“Our compliance framework already positions Bridge to be GENIUS-ready. Now achieving a national trust bank charter will provide our customers the regulatory backbone they need to build with stablecoins confidently and at scale,” the company said.