Bridge has received its initial OCC charter approval.
The company will soon be capable to provide a more coherent stablecoin issuance and custody of reserves offering under a new Federally Chartered National Trust Bank entity, which is regulated by the OCC (Office of the Comptroller of the Currency).
Previously, Bridge has relied on banking partners such as Lead Bank and BlackRock as custodians and reserve partners, particularly for its latest product offering called “Open Issuance”, where it helps clients build and manage their own stablecoins.
However, in the latest waves of national trust charter and banking applications being approved under the current U.S. administration, several other digital asset and stablecoin companies (Circle, Ripple, Fidelity, Paxos and BitGo – the latter of which has successfully conducted its IPO) have already received initial approvals, with Erebor granted full approval last week to become a bank (per Fortune).
Payoneer To Offer Stablecoin Services Via Bridge
Bridge is helping Payoneer offer stablecoin services.
Payoneer is officially entering the the “Era of Always-On Payments” by committing to use Bridge’s stablecoin infrastructure for making global payments. Customers may now join the waitlist on Payoneer’s website page, aiming to go live in Q2 (in permitted jurisdictions).
CEO of Payoneer John Caplan expressed:
No-friction money movement is essential for global business. In partnering with Bridge, we’re bringing stablecoin into Payoneer’s trusted financial stack in a way that prioritizes compliance, speed, security, and simplicity. “
Co-founder and CEO at Bridge Zach Abrams added:
Bridge was built to abstract away the hardest parts of blockchain infrastructure so companies like Payoneer can focus on building great financial experiences. Together, we’re making stablecoins a practical and secure option for every day cross border money movement.”
Payoneer performed very well last quarter, adding to its consecutive growth in 2025. Millions of customers around the world are already using Payoneer from facilitating everyday freelancer payouts to managing business accounts overseas in 190+ countries and 70+ currencies.
This comes at a good time for the Bridge team coupled with the OCC update, as more traditional Fintechs and PSPs (Payment Service Providers) are realising the benefits to customers and are looking for strong partnerships in the space or M&A options to not be left behind.
