Stripe-owned stablecoin platform Bridge wins conditional OCC approval for national bank charter

Bridge, a stablecoin platform acquired by Stripe, has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to organize as a federally chartered national bank. If finalized, this charter will empower Bridge to custody crypto, issue stablecoins, and manage reserves, enabling clients like enterprises and fintechs to build with digital dollars under a clear federal framework. Bridge joins other crypto firms, including Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos, which also received conditional approval in December. The platform stated its compliance framework is aligned with the forthcoming stablecoin law, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS), emphasizing that the charter will provide the necessary regulatory backbone for scaling stablecoin operations confidently.

(Source：The Block)