Stripe, through its Bridge subsidiary, has received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter.
The application, filed in October, was approved on Feb. 12.
The license will allow Bridge to issue stablecoins, custody digital assets and offer stablecoin reserve management.
The charter “positions Bridge to help enterprises, fintechs, crypto businesses, and financial institutions build with digital dollars inside a clear federal framework,” the company said in a press release. “Now achieving a national trust bank charter will provide our customers the regulatory backbone they need to build with stablecoins confidently and at scale.”