TLDR
- Stripe introduced Open Issuance, enabling businesses to launch custom stablecoins with simple code integration.
- Phantom wallet’s CASH token debuts as the first stablecoin on the platform, followed by Hyperliquid and MetaMask tokens.
- The platform uses Bridge infrastructure, which Stripe purchased for $1.1 billion in 2024.
- Stripe partnered with OpenAI to create the Agentic Commerce Protocol for AI agent payments.
- BlackRock, Fidelity, Superstate and Lead Bank manage stablecoin reserves for platform users.
Stripe announced two new products at its Tuesday event in New York. The payment processor unveiled Open Issuance for stablecoin creation and new AI commerce capabilities.
The Open Issuance platform allows companies to build their own stablecoins. Users can mint and redeem digital tokens with minimal coding required.
Bridge powers the underlying infrastructure for the platform. Stripe acquired the stablecoin company for $1.1 billion in 2024.
Phantom is launching the first stablecoin through Open Issuance. The crypto wallet provider’s CASH token will debut on the platform.
Hyperliquid’s USDH and MetaMask’s mUSD will also use the service. Both stablecoins recently launched and are now integrating with Stripe’s platform.
Stripe confirmed additional projects are in development. The company expects more stablecoin issuers to join the platform.
Zach Abrams leads Bridge as CEO. He said businesses focused on money movement should control their own stablecoins instead of relying on third-party tokens.
Reserve Management and Infrastructure
Open Issuance lets companies customize their stablecoin reserves. Issuers can allocate funds between Treasury securities and cash holdings.
Major financial institutions handle asset management. BlackRock, Fidelity, Superstate and Lead Bank provide reserve management services.
The platform connects different stablecoins through Stripe’s network. This interoperability aims to reduce costs when converting between tokens.
AI Agent Payment System
Stripe developed the Agentic Commerce Protocol with OpenAI. The system enables merchants to accept payments from AI agents.
Merchants keep control over fulfillment and customer data. The protocol provides a standard framework for AI transactions.
Microsoft Copilot and Anthropic are testing the technology. These companies are evaluating how AI agents can process payments through the protocol.
The AI tools complement Stripe’s recent blockchain expansion. The company has invested heavily in crypto infrastructure over the past year.
Stripe acquired Privy, a crypto wallet provider, earlier in 2025. This purchase expanded the company’s blockchain development capabilities.
The payment firm is building Tempo with Paradigm. The blockchain project focuses on high-volume payment processing.
Will Gaybrick serves as Stripe’s president of technology and business. He described the company’s goal as bringing experimental technology into mainstream commerce.
Stablecoin Platform Details
Open Issuance gives businesses full control over their tokens. Companies can customize features and manage their own stablecoin operations.
The platform integrates with Stripe’s existing payment infrastructure. This connection allows stablecoins to work with traditional payment systems.
Bridge’s technology provides the technical foundation. The acquisition gave Stripe access to enterprise-grade stablecoin infrastructure.
Stripe positions the platform as a business tool. The company targets enterprises that need custom payment solutions.
The launch represents Stripe’s commitment to blockchain payments. The company continues expanding its crypto product offerings.
