Bridge, the stablecoin issuing arm of Stripe, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish a federal trust bank under the Genius Act. Fun fact: In addition to Bridge, Circle, Paxos, Ripple, and Coinbase have also filed similar applications to establish federal trust banks. —Did I miss any others?
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Zach
@zcabrams
10-15
Today, @Stablecoin submitted its application for organizing a national trust bank to the Office of the Comptroller of the Currency (OCC). The charter would allow Bridge to operate under a unified federal framework consistent with the GENIUS Act.
Through this bank, we'll provide:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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