[DigitalToday reporter Chi-gyu Hwang (황치규)] Stripe stablecoin platform Bridge has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a federal trust bank, Cointelegraph reported on Feb. 17 local time.
Cointelegraph said the approval will provide a basis for Bridge to operate under federal supervision covering stablecoin issuance, digital asset custody and reserve management.
Bridge said it is emphasizing regulatory compliance under the stablecoin bill, the GENIUS Act, passed in July 2025, and that the approval will provide trust to customers.
The OCC conditionally approved BitGo, Fidelity Digital Assets and Paxos to operate as federal trust banks in December last year and later granted federal trust bank charters to Circle and Ripple. However, the American Bankers Association (ABA) asked the OCC to slow approvals for crypto firms, citing a lack of regulatory clarity.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr