Stripe has rolled out a new product designed to help businesses create their own stablecoins quickly and without the usual technical hurdles.
The tool, called Open Issuance, allows companies to generate and remove tokens, decide how to back them with cash or government bonds, and choose the financial partners they want to work with.
The process is supported by Bridge, a firm that builds infrastructure for stablecoins. Financial companies, including BlackRock, Fidelity Investments, and Superstate, will manage reserve assets.
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Stripe noted that this release is part of more than 40 product updates it announced this week.
Reports also indicate that Stripe is working to comply with US rules regarding stablecoins. The company is seeking both a federal banking charter and a trust license from New York regulators, steps that would give it the legal footing needed to run such services in the country.
One of Stripe’s main selling points is speed. It said businesses could launch their own stablecoin program in just a few days rather than months.
Once established, companies would be able to set up reward systems that pass on some of the earnings from reserves to customers.
Stripe argued that this approach is safer than trying to build everything internally. Managing reserves, ensuring compliance, and maintaining sufficient liquidity can be challenging tasks for businesses without prior experience in finance or blockchain.
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