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Quick take:
Open Issuance allows firms to create custom stablecoins with minimal coding.
The platform has also added AI commerce tools, integrating digital dollar and AI into online transactions.
Issuers will be able to balance reserves between treasuries and cash, with asset management provided by BlackRock, Superstate, and Lead Bank.
Stripe has launched a stablecoin issuance platform powered by its $1.1 billion stablecoin startup Bridge, acquired in October 2024. Open Issuance also features AI commerce tools for online transactions.
According to the announcement, the new platform launches with crypto wallet provider Phantom’s CASH token, the first to be issued, and with plans to add Hyperliquid’s USDH and MetaMask’s mUSD.
Open Issuance allows firms to create custom stablecoins with minimal coding. Issuers will be able to balance reserves between treasuries and cash, with asset management provided by BlackRock, Superstate, and Lead Bank.
The announcement comes at a time when interest in stablecoin payments is rising after President Trump signed into Law the GENIUS Act, which provides clarity on digital assets pegged to Fiat currencies and guidelines for integrating crypto into traditional banking systems.
“If money movement is core to your business, you should build with stablecoins. But don’t build on top of someone else’s coin,” Zach Abrams, co-founder and CEO of Bridge, said in a statement. “With Open Issuance, businesses can build on top of stablecoins that they customize and control, so that the benefits of this important technology flow directly to the people and businesses using them.”
According to the report, Stripe’s network will provide interoperability across tokens whilst helping lower conversion costs.
Open Issuance also allows merchants to transact with AI agents using the “Agentic Commerce Protocol”, developed with ChatGPT and OpenAI.
Commenting on the announcement, Will Gaybrick, Stripe’s president of technology and business, said in a statement: “With the advent of stablecoins and AI, we’re at the dawn of a new online economy.” According to Gaybrick, the company is focused on taking the frontier technology out of the experimental into the mainstream.
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