According to Odaily Planet Daily, Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying for a national bank trust charter from the U.S. Office of the Comptroller of the Currency (OCC). If approved, Bridge will be able to provide regulated stablecoin issuance, management, and custody services under the GENIUS Act, signed into law this summer.

Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to facilitate the "tokenization of trillions of dollars in assets" within a compliant system. Since Stripe acquired Bridge for $1.1 billion last year, the company has rapidly incorporated stablecoins into its core business, including partnering with Coinbase and Shopify to support USDC payments, launching the Open Issuance platform for issuing custom stablecoins, and the payment-optimized blockchain Tempo.