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Stripe's crypto unit Bridge obtains initial approval to establish a trust bank

From finance.yahoo.com

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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