HomeBitcoin NewsStripe’s Stablecoin Arm Bridge Applies for U.S. Bank Charter Under GENIUS Act...

Stripe’s Stablecoin Arm Bridge Applies for U.S. Bank Charter Under GENIUS Act Framework

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Bridge, the stablecoin infrastructure company owned by Stripe, has officially applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC), according to co-founder Zach Abrams.

If approved, Bridge would become one of the first federally regulated stablecoin institutions operating under the GENIUS Act, a law designed to unify digital asset oversight at the federal level. The proposed charter would allow Bridge to offer custody services, stablecoin issuance, and reserve management through a single regulatory framework.

“We’ve long believed stablecoins will be a core, regulated financial building block,” Abrams said on X. “This regulatory infrastructure will enable us to tokenize trillions of dollars and make this future possible.”

The initiative underscores how Stripe’s digital payments empire is expanding deeper into blockchain finance, positioning Bridge as a potential cornerstone in the next generation of tokenized banking.

If approved, the OCC license would align Bridge with the same federal trust framework that governs major U.S. custodians, a significant step toward institutional-grade stablecoin integration in mainstream finance.

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Toheeb Kolade
Toheeb Kolade
Toheeb is an insightful blockchain reporter with deep knowledge of cryptocurrencies. With years of experience in financial journalism, Toheeb covers the latest developments in blockchain technology, cryptocurrency trends, decentralized finance (DeFi), and regulatory updates. Known for breaking news and in-depth analysis, Toheeb brings new angles on how blockchain is transforming industries and changing the global economy. From uncovering market movements to providing expert commentary on new technologies, Toheeb is dedicated to keeping readers informed about the developments in blockchain-related topics.
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