Stripe Introduces Open Issuance, a Tool for Building Your Own Stablecoins. Partners: BlackRock, Fidelity, Superstate.
Stripe Launches Stablecoin Launch Service
Payment company Stripe has introduced its Open Issuance service, which will allow businesses to launch and manage their own stablecoins “with just a few lines of code.” The company said that customers will be able to mint and burn coins, set up reserves between cash and Treasury bonds, and choose partners to collaborate with.
Support from top players
The new service will run on the basis of Bridge, an infrastructure company that Stripe acquired for $1.1 billion in 2024. BlackRock, Fidelity Investments, and blockchain manager Superstate will manage the reserves. Stripe has also applied for a U.S. banking charter and a New York fiduciary license to meet regulatory requirements.
Fast launch and new capabilities
Stripe said that with Open Issuance, businesses will be able to issue stablecoins in a matter of days, using rewards and bonuses to incentivize customers. Unlike companies’ own solutions, the service reduces risks associated with reserves, liquidity and compliance.
Competition in the crypto-as-a-service space
Stripe’s launch comes amid growing interest in “crypto-as-a-service” services. This week, Binance introduced a solution for banks and brokers with access to spot and futures markets, liquidity and custodial services. Coinbase launched a similar offering back in June.
Focus on AI commerce
Stripe also announced the Agentic Commerce Protocol, a platform for selling through AI agents, developed in collaboration with OpenAI. It will allow companies to create new e-commerce formats by combining AI and stablecoins. This coincides with a trend that analysts are calling the future of “on-chain e-commerce.”
