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Stripe's crypto unit Bridge obtains initial approval to establish a trust bank
Bridge has gained conditional approval to set up a national trust bank from a top U.S. financial regulator, the Stripe-owned stablecoin infrastructure provider said on Tuesday. Crypto giants, including Ripple and Circle, in December received preliminary approval to establish national trust banks, marking a significant step in integrating digital assets into the regulated banking system. The preliminary approval by the Office of the Comptroller of the Currency (OCC) "positions Bridge to help enterprises, fintechs, crypto businesses, and financial institutions build with digital dollars inside a clear federal ... (full story)
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