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

In brief

• Bridge, the stablecoin company acquired by Stripe, was awarded conditional approval of a national trust banking charter by the OCC.
• The firm’s conditional approval follows that of other crypto firms like Circle, Ripple, and Paxos.
• The traditional banking lobby has recently pushed back on the OCC’s conditional approvals of crypto firms.