Stripe’s Bridge Applies to Become a Federally Chartered Crypto Bank

Bridge, the stablecoin infrastructure company owned by Stripe, is applying to become a nationally chartered trust bank.

The move, filed with the OCC, would grant Bridge a federal license to issue and custody stablecoins under the new GENIUS Act.

This positions the Stripe subsidiary alongside a small group of federally regulated crypto firms and marks a significant acceleration of Stripe’s strategy following its $1.1 billion acquisition of Bridge last year.