Stripe-Owned Bridge Gains National Bank Trust Charter to Boost Stablecoin Offerings

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"Bridge, the stablecoin company that was acquired by Stripe, has been granted conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust banking charter. Upon full approval, the firm would be able to custody digital assets, offer and issue stablecoins, and operate stablecoin reserves. The firm’s conditional approval follows that of other major stablecoin and crypto firms like Circle, Ripple, and Paxos, which received conditional approval from the OCC in December."