Stripe Seeks U.S. Bank Charter to Issue Regulated Stablecoins

Stablecoin Infrastructure Provider Bridge, owned by Stripe, has applied for a national bank trust charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to obtain regulated stablecoin issuance authority. This move puts Stripe in direct competition with other firms like Circle and Paxos as it seeks to tap into the growing institutional market.