"Bridge Connected to Stripe is Entering the Stablecoin Business"

Bridge Applies for Regulated Stablecoin Services

Bridge has applied for a national banking trust charter from the Office of the Comptroller of the Currency (OCC) after being acquired by Stripe. This step will enhance Bridge's capacity to offer regulated stablecoin services.

The charter will ensure that Bridge operates under federal oversight. This will grant Bridge the authority to issue and manage stablecoins and their reserves.

The Stablecoin Market Is Rapidly Growing

Stablecoins are emerging as a rapidly growing asset class worth $300 billion. They are increasingly being used in cross-border payments. Bridge is playing a significant role in this expansion.