Stripe's stablecoin company Bridge is applying for a national bank trust license through the US OCC

Bridge, the stablecoin infrastructure company acquired by fintech giant Stripe, is applying for a national bank trust charter through the U.S. Office of the Comptroller of the Currency (OCC). Co-founder Zach Abrams stated on Wednesday that if approved, Bridge would be able to operate under a unified federal regulatory framework under the GENIUS Act, the U.S. stablecoin legislation signed into law this summer. This would allow Bridge to provide regulated stablecoin issuance, management, and custody services.