Stripe’s Bridge Seeks National Bank Trust Charter for Stablecoin Operations
Bridge, Stripe’s stablecoin arm, has applied to the OCC for a national trust bank, joining four others vying for federal approval.
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Fact Check
The statement is strongly confirmed by multiple, credible financial and crypto news sources, including Bloomberg, Blockworks, Coindesk, and The Block. The evidence consistently reports that Stripe's stablecoin unit, named Bridge, has applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC) for the express purpose of providing regulated stablecoin issuance and custody services.
Summary
On October 15, 2025, Bridge, Stripe's stablecoin infrastructure unit, applied for a National Bank Trust Charter with the U.S. Office of the Comptroller of the Currency (OCC). This application aims to allow Bridge to offer regulated services for stablecoin issuance, management, and custody under the GENIUS Act framework, strengthening its position in the digital asset sector.
Terms & Concepts
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the U.S. dollar.
- National Bank Trust Charter: A license issued by U.S. regulators allowing a financial institution to operate as a national trust bank, often enabling broader custody and fiduciary services.
- Bridge: Stripe’s business unit focused on stablecoin development and related financial services.