Creating your own currency just became as simple as launching a website. Stripe unveiled “Open Issuance” on Tuesday, a groundbreaking tool that allows any business to build and manage custom stablecoins using just a few lines of code, potentially transforming how companies handle digital payments.
Open Issuance enables firms to mint and burn tokens freely; in addition, it will help them to customize their reserve to control the ratio of cash to treasury.
The service, one of more than 40 Stripe announced this week, will be serviced by Bridge, a stablecoin infrastructure company Stripe acquired for $1.1 billion in October 2024. The treasuries will be managed by asset manager giants BlackRock, Fidelity Investments, and Superstate.
Stripe deepens crypto infrastructure push
Stripe said that companies on its Open Issuance platform can issue a stablecoin within days. Stripe highlighted that by using its product, companies will not face the risks associated with building a stablecoin in-house, including reserve management, compliance, and liquidity.
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Stripe further added that all stablecoins issued on Open Issuance will be completely interoperable amongst themselves.
The announcement follows similar white-label crypto services from Binance and Coinbase, reflecting growing institutional comfort with digital assets as traditional finance increasingly embraces blockchain infrastructure.
