Stripe's stablecoin company Bridge applies for a national bank trust license in the United States.

[Stripe's stablecoin company Bridge applies for a national bank trust license in the U.S.] Financial technology giant Stripe's stablecoin infrastructure company Bridge is applying for a national bank trust license from the Office of the Comptroller of the Currency (OCC). If approved, Bridge will provide regulated stablecoin issuance, management, and custody services under the framework of the GENIUS Act signed this summer. Zach Abrams, co-founder of Bridge, stated that this regulatory framework will enable the company to drive the "tokenization of trillions of dollars in assets" within the compliance system. Since Stripe acquired Bridge for $1.1 billion last year, it has rapidly integrated stablecoins into its core business, including supporting USDC payments in partnership with CEX and Shopify, and launching the Open Issuance platform for issuing customized stablecoins along with the payment optimization blockchain Tempo.