Stripe’s stablecoin company, Bridge, has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter. This move aims to enhance its regulatory standing and operational capabilities within the financial sector. By seeking a national charter, Bridge intends to establish itself more firmly in the evolving landscape of digital finance and cryptocurrencies. The application reflects the growing interest among fintech companies to obtain banking licenses, allowing them to offer a broader range of financial services. As the regulatory environment for cryptocurrencies continues to develop, Bridge’s initiative may position it advantageously in a competitive market.
