Bridge’s OCC Approval Opens Path to Federal Stablecoin Trust Bank
AI summary
Bridge has received OCC approval that opens a path to a federal stablecoin trust bank, subject to a $45 million minimum capital requirement and preopening checks. The order does not substitute for GENIUS Act issuer approval, so the charter is a step rather than a final green light. Traders should read it as a regulatory milestone for stablecoin infrastructure, though the capital and compliance conditions limit how quickly it translates into operations.
