Bridge’s OCC Approval Opens Path to Federal Stablecoin Trust Bank

Key points

• Stripe-owned Bridge has received conditional approval from the Office of the Comptroller of the Currency to charter a national trust bank.
• The decision requires the firm to maintain at least $45 million in minimum capital and satisfy preopening requirements.
• This national trust charter does not grant automatic issuer authorization under the proposed GENIUS Act legislation.

Summarized automatically by Kryptokite from reporting by The Defiant. Read the original sources for full detail.