Stripe Pursues Bank Charter Amid Stablecoin Boom

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Alongside its new Open Issuance tool, Stripe is reportedly seeking a federal banking charter and a trust license from New York’s DFS to comply with U.S. stablecoin rules, according to The Information.

Stablecoins have surged to a $300 billion market under the crypto-friendly Trump administration’s GENIUS Act and the U.S. Treasury projects they could hit $2 trillion by 2028. Stripe wants to position itself as a key infrastructure provider to that growth.