Stripe's stablecoin firm Bridge wins initial approval of national bank trust charter

The U.S. banking license would allow Bridge to issue and manage stablecoins under direct federal oversight. What to know : Bridge, the stablecoin infrastructure firm owned by Stripe, said it has received conditional approval from the OCC to form a national trust bank. The license would allow the company to issue and manage stablecoins under federal oversight. The move follows the agency granting similar initial approvals to stablecoin issuers Circle, BitGo, and Ripple in December.