- Stripe launches Open Issuance, enabling firms to create their own stablecoins.
- The company will seek a federal trust charter for regulatory compliance.
- Move positions Stripe as a challenger to Circle and Tether in the stablecoin market.
Stripe is stepping firmly into the stablecoin economy, unveiling new tools for businesses while preparing to seek federal banking licenses in the U.S.
Stripe Launches Stablecoin Issuance Platform
At its annual Stripe Tour New York, the fintech giant announced more than 40 new products, with stablecoins and artificial intelligence as core themes. The standout reveal was Open Issuance, a platform allowing firms to create their own stablecoins with minimal coding.
The service builds on Bridge, a stablecoin infrastructure provider Stripe acquired earlier this year for $1.1 billion. Through Open Issuance, companies can mint and redeem tokens instantly while choosing reserve structures such as cash or treasuries. Partners like Fidelity, BlackRock, and Lead Bank will support asset management and liquidity.
Businesses issuing stablecoins would also keep yield from reserves, giving them incentives to pass benefits directly to clients. Stripe additionally rolled out tools for merchants to accept recurring stablecoin payments, settle in fiat or crypto, and spend reserves via locally issued cards.
Expanding Into Federal Banking Oversight
Stripe’s ambitions don’t stop with stablecoins. According to The Information, the company is preparing to apply for a national trust charter with the OCC, placing it under federal banking oversight. A parallel application for a New York trust license is also in the works, aligning Stripe with one of the most stringent regulatory regimes in digital finance.
Executives emphasized that Stripe does not plan to issue a branded token. Instead, the company aims to provide infrastructure for others, taking a modest 0.5% service fee while letting clients retain interest income from reserves.
Growing Competition in Stablecoin Finance
Stripe’s move mirrors a broader trend. Firms like Paxos, Ripple, and Circle are all seeking banking licenses to secure a stronger foothold in the U.S. financial system. With global stablecoin supply up 57% in the past year, the market is rapidly expanding—and Stripe’s entry could challenge leaders like Circle and Tether.
Also Read: Google Unveils AP2 to Enable Secure AI-Driven Purchases Across Platforms
By pairing its payments expertise with regulated banking ambitions, Stripe is positioning itself as a bridge between traditional finance and digital assets. The push could reshape stablecoin issuance, compliance, and adoption, signaling a new phase in the race for mainstream crypto integration.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
