Stripe-Owned Bridge Gains National Bank Trust Charter to Boost Stablecoin Offerings
Bridge, the stablecoin firm of payments giant Stripe, was awarded conditional approval for a national trust banking charter.
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Bridge, the stablecoin firm of payments giant Stripe, was awarded conditional approval for a national trust banking charter.
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
While still subject to final approval, the regulator's nod would enable Bridge to offer stablecoin and digital asset services to businesses.
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Stablecoin platform Bridge, acquired by Stripe last year, received conditional approval from the OCC, the firm said on Tuesday.
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The U.S. banking license would allow Bridge to issue and manage stablecoins under direct federal oversight.