Stripe’s Bridge wins OCC nod for national trust bank charter
Bridge, a stablecoin platform owned by payments firm Stripe, said it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a federally chartered national trust bank.
In a Tuesday notice, the company said the conditional approval would, upon final approval, allow it to offer stablecoin products and services under direct federal oversight. The national trust bank charter would authorize Bridge to provide digital asset custody, issue stablecoins, and manage stablecoin reserves.
Bridge said its compliance program is designed to align with the GENIUS Act, the stablecoin legislation signed into law in July 2025, and that obtaining a national trust bank charter would give customers a regulatory framework to build stablecoin-based services at scale.
The company is among several crypto-focused firms pursuing national trust bank charters from the OCC following passage of the GENIUS Act. In December, the OCC conditionally approved applications from BitGo, Fidelity Digital Assets, and Paxos to convert their state-chartered trust companies, and also granted conditional national trust bank approvals to Circle and Ripple.
OCC records show Bridge applied for a charter in October and received conditional approval on Feb. 12. Stripe acquired Bridge in 2025 in a $1.1 billion transaction to support stablecoin payments.
In a Wednesday letter, the American Bankers Association urged the OCC to slow approvals of national trust bank charters for crypto companies, citing unresolved issues under the GENIUS Act. The group said firms could use national trust charters to effectively circumvent broader U.S. financial oversight, and encouraged the OCC to proceed deliberately and ensure applicants’ regulatory obligations are fully defined before advancing applications.
US policymakers continue to assess approach to stablecoin yield
As the Senate advances legislation to establish a digital asset market structure, White House officials are meeting with representatives from the crypto and banking sectors to address how stablecoin yield should be handled. Provisions addressing stablecoins, along with topics such as tokenized equities and potential conflicts of interest, could be pivotal for lawmakers ahead of a possible Senate vote.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
