Citing the recently enacted GENIUS Act, Stripe‘s stablecoin unit Bridge has formally applied for a national bank trust charter with the Office of the Comptroller of the Currency.
The federal charter would provide a comprehensive regulatory framework for Bridge’s planned services, including stablecoin issuance, management, and custody.
This application, telegraphed by Stripe two weeks ago, underscores the fintech giant’s commitment to operating within the bounds of federal banking regulation as it expands its crypto footprint.
