Bridge gets OCC approval, clearing way for federal stablecoin trust bank
The OCC order sets a $45 million capital floor and requires pre-opening checks, but does not replace GENIUS Act issuer approval.
Key takeaways
- 1Bridge received OCC approval on 8 November 2026
- 2The OCC order requires a $45 million minimum capital base
Bridge received approval from the Office of the Comptroller of the Currency on 8 November 2026, clearing a regulatory hurdle for the company to seek a federal stablecoin trust bank.
The OCC order mandates a minimum capital base of $45 million and requires pre-opening checks before the charter can be issued. The charter would let Bridge hold insured deposits and offer payment-processing services under federal supervision. The approval does not replace the issuer consent required under the GENIUS Act.
Bridge is a stablecoin platform that aims to combine a digital currency pegged to the US dollar with a federally chartered trust bank, a model that could streamline payments and custody. The company launched its token in 2024 and has built partnerships with several payment processors. YourKhabri previously reported that stablecoin issuers are increasingly seeking bank charters to gain credibility after regulators worldwide tightened rules, as seen when Russia’s central bank opened retail trading of Bitcoin, ether and tether in November 2026.
The move suggests US regulators are willing to accommodate stablecoin banks, potentially encouraging other issuers to pursue similar charters. If Bridge secures the GENIUS Act issuer licence, it could become the first federally chartered stablecoin bank, setting a precedent for the sector. Market participants will watch for the OCC’s final guidance and any statements from the SEC or CFTC regarding compliance.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.