Bridge, a stablecoin infrastructure firm acquired by Stripe, has applied for a national bank trust charter from the Office of the Comptroller of the Currency (OCC). This move aims to enable Bridge to offer custody and stablecoin issuance services under federal regulation. Co-founder Zach Abrams highlighted the growing popularity of stablecoins, with $30 billion currently in circulation, as a key driver for this application, which could facilitate the tokenization of trillions of dollars. The application reflects a broader industry trend, with companies like Circle and Ripple also pursuing regulatory clarity for stablecoin operations. This push is supported by legislative efforts such as the GENIUS Act, which seeks to provide a clearer regulatory framework for digital assets.