Stripe’s Bridge Platform Wins Conditional Approval for Federal Bank Charter

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Bridge, the stablecoin platform acquired by Stripe in 2024, has received conditional approval from the Office of the Comptroller of the Currency to operate as a national bank. The approval marks another step in the integration of crypto infrastructure into the traditional US banking system.

If the charter is granted, Bridge will be permitted to custody crypto, issue stablecoins, and manage stablecoin reserves. In a statement released Tuesday, the platform emphasized that the federal charter would allow it to help enterprises and financial institutions build digital dollar products within a clear regulatory framework.

The OCC’s conditional approval for Bridge follows a series of similar actions in December involving Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos. All of these firms are pursuing federally regulated trust charters.