In brief Bridge, Stripe’s stablecoin arm, has applied to the OCC to form a national trust bank under the GENIUS Act. The charter would place its stablecoin issuance and reserves under a unified federal framework. Bridge joins Circle, Paxos, Ripple, and Coinbase in seeking federal trust bank approval. Bridge, the stablecoin infrastructure arm of Stripe, has submitted an application to the Office of the Comptroller of the Currency to organize a national trust bank as competition in the sector cont...