Quick Summary of Stripe’s Open Issuance
Stripe has introduced Open Issuance, a stablecoin issuance platform enabling businesses to create custom stablecoins with minimal coding. This innovative service, fueled by its $1.1 billion acquisition of Bridge, integrates AI commerce tools for seamless online transactions. The platform allows issuers to manage reserves between treasuries and cash, with asset management support from BlackRock, Superstate, and Lead Bank. Launched with Phantom’s CASH token, Open Issuance aims to expand by incorporating Hyperliquid’s USDH and MetaMask’s mUSD. As interest in stablecoin payments surges following the GENIUS Act’s clarification on digital assets, CEO Zach Abrams emphasizes the importance of businesses controlling their own stablecoins. Stripe ensures interoperability across tokens, reducing conversion costs. Moreover, merchants can leverage AI agents through the “Agentic Commerce Protocol,” developed in collaboration with ChatGPT and OpenAI, setting the stage for a new online economy. Stay informed by subscribing to our newsletter and following us on social platforms.
