- Conditional federal approval would allow Bridge to operate as a national trust bank overseeing stablecoin issuance, custody and reserves.
- The move follows Stripe’s US$1.1 billion (AU$1.55 billion) acquisition and aligns with implementation of the GENIUS Act.
- Bridge joins a cohort of crypto firms seeking federal trust status, though final authorisation has not yet been granted.
Stablecoin infrastructure provider Bridge has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to form a national trust bank, advancing its plans to operate under direct federal oversight. Bridge was purchased by Stripe in 2024 for US$1.1 billion (AU$1.55 billion) as part of Stripe’s expansion…
