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Stripe's Bridge Applies for National Bank Trust Charter to Expand Stablecoin Business
Yahoo Finance· 2025-10-15 01:40
Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC), co-founder Zach Abrams said on Wednesday. The move would put the firm under federal regulatory oversight if approved by the regulator. Through the bank, company would provide services including custody, stablecoin issuance, management of stablecoin reserves, Abrams said. "We’ve long believed stablecoins will be a core, re ...