Summary
- Global payments platform Stripe is reportedly preparing to apply to the Office of the Comptroller of the Currency (OCC) for stablecoin issuance via a National Trust Charter.
- It said Stripe's move is intended to expand its digital asset business and establish a business foundation on the premise of regulatory compliance.
- It said that if the application is completed, it is expected to secure competitiveness in the payments market and expand fintech services such as a digital dollar and AI commerce tools.
On the 30th (local time), The Information reported that global payments platform Stripe is preparing to apply to the Office of the Comptroller of the Currency (OCC) for a National Trust Charter to issue stablecoins.
The move is interpreted as a response to recent tightening of regulations on stablecoin issuance in the U.S. Stripe has already launched a platform called "Open Issuance" that allows custom stablecoins to be created with minimal coding, and this application is part of establishing a legal basis for that business expansion.
An industry source said, "Stripe's move is a strategy to expand its digital asset business on the premise of regulatory compliance," and added, "Securing official authorization to issue stablecoins will be an important competitive advantage in the payments market going forward."
Stripe plans to actively expand various fintech services, such as a digital dollar and AI commerce tools, once this application is completed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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