- Stripe launches Open Issuance to let firms create stablecoins with minimal coding.
- Company seeks U.S. trust charters to align stablecoin services with federal oversight.
- Competition grows as Stripe joins Ripple, Paxos, and Circle in pursuing banking licenses.
Stripe stablecoin issuance is moving into focus as the payments company introduces tools for businesses to issue digital tokens while preparing to apply for federal banking licenses. The program combines product innovation with regulatory oversight, signaling a shift in strategy as demand for stablecoins rises.
Stripe Stablecoin Issuance Tools Rolled Out
At its annual Stripe Tour New York showcase, the company announced more than 40 upgrades centered on artificial intelligence and digital assets. Among these, Stripe stablecoin issuance stands out with the launch of Open Issuance, a platform designed to help businesses mint and redeem stablecoins quickly with minimal code.
The system builds on Bridge, the infrastructure provider Stripe acquired earlier this year in a $1.1 billion deal. Through Open Issuance, firms can choose from reserve structures such as cash or U.S. Treasury securities. They also retain interest from these reserves while working with partners like Lead Bank, Fidelity, and BlackRock for liquidity and asset management.
The company reported that stablecoin supply has grown by 57% over the past year. To address this adoption, it has also expanded merchant services, allowing recurring stablecoin payments, settlement in either crypto or fiat, and the ability to use stablecoin reserves for card-based spending.
Banking Oversight Applications
In parallel with product expansion, Stripe disclosed that it plans to apply for a national trust charter with the Office of the Comptroller of the Currency. If granted, the license would bring the company under direct federal supervision and align operations with incoming regulations on stablecoins.
The company also intends to pursue a trust license from the New York Department of Financial Services, one of the most rigorous financial regulators in the United States. Executives clarified that Stripe does not intend to launch a Stripe-branded token. Instead, the model enables clients to benefit from Stripe stablecoin issuance while retaining yield, minus a 0.5% service fee.
Stripe’s strategy places it alongside other digital finance firms seeking closer integration with U.S. banking rules. Paxos applied earlier this year to convert its New York trust charter into a national license. Ripple has also filed for a banking license, while Circle continues to push for regulated expansion.
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About the Author: Peter Mwangi
