Stripe’s Bridge Joins Circle, Paxos in Pursuit of Federal Stablecoin Charter

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The race for federal oversight in the stablecoin market is heating up. Bridge, the stablecoin infrastructure company owned by Stripe, has applied for a national bank trust charter with the OCC.

If approved, Bridge would join the ranks of federally regulated entities like Circle and Paxos, and become only the second crypto-native firm after Anchorage Digital to hold such a charter.

The move is designed to leverage the new GENIUS Act, allowing Bridge to operate a regulated stablecoin business on a national scale.