Stripe Launches Stablecoin Issuance Platform Open Issuance

BlockBeats News, September 30th, according to CoinDesk, payment giant Stripe announced at an event in New York the launch of the stablecoin issuance platform Open Issuance and AI-powered business tools, aiming to integrate payment operations with the growing role of digital dollars and artificial intelligence in online transactions.

Open Issuance is based on the stablecoin infrastructure platform Bridge, which Stripe acquired last year for $1.1 billion, enabling enterprises to issue their own stablecoins with just a few lines of code for minting and redemption.

The CASH token from crypto wallet provider Phantom will be the first stablecoin to be issued through this platform. In addition, USDH from Hyperliquid and mUSD from MetaMask will also be part of the issuance plan, with more projects in the pipeline, according to Stripe.