Bridge, the stablecoin company under Stripe, applies for a U.S. national bank trust charter

Jinse Finance reported that Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying to the US Office of the Comptroller of the Currency (OCC) for a national bank trust license. If approved, Bridge will provide regulated stablecoin issuance, management, and custody services under the framework of the "GENIUS Act" to be signed this summer. Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to drive the tokenization of "trillions of dollars in assets" within a compliant system. Since Stripe acquired Bridge for $1.1 billions last year, stablecoins have rapidly become a core business, including supporting USDC payments in cooperation with an exchange and Shopify, as well as launching the Open Issuance platform for custom stablecoin issuance and the payment-optimized blockchain Tempo.