Stripe's stablecoin company Bridge is applying for a national bank trust license from the US OCC

According to Odaily Planet Daily, Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying for a national bank trust charter through the U.S. Office of the Comptroller of the Currency (OCC). Co-founder Zach Abrams stated that if approved, Bridge would be able to provide regulated stablecoin issuance, management, and custody services under a unified federal regulatory framework under the GENIUS Act, signed into law this summer. (The Block)