Stripe launches a platform that allows you to issue your own Stablecoin with customizable reserves and direct access to shared liquidity networks, directly challenging the market advantages of giants like tethers and circles.
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- Stripe’s Bridge Unit began “open publishing” on Tuesday, allowing businesses to issue their own Stablecoins.
- This movement stitches and circles by providing customizable reserves and shared fluidity.
- Phantom Wallet was the first partner, launching a new Cash Stablecoin for 15 million users.
According to a September 30 announcement, Stripe’s Crypto Unit Bridge is launching Open Issuance, a platform designed to allow companies from fintex to traditional banks to create their own brand of Stablecoins.
Stripe said infrastructure handles preliminary control, compliance and security, allowing businesses to launch customized digital currency in just a few days. This model has already attracted the first major partners. PhantomWallet is using it to launch a new Cash Stablecoin for its 15 million users.
Why Stripes are betting on Stablecoin infrastructure
Stripe noted that businesses are using Stablecoins to receive payments, manage the Treasury Department and launch cross-border financial services. The current bottleneck is that almost all of this activity relies on a small set of publishers.
While tethers and circles dominate the market and tokens are fluid and widely recognized, Stripe argues that controls are subject to costs, roadmap shifts, and economics incurred by the issuer rather than the user. Open issuance has been framed as a solution to that imbalance and provides a tool for businesses to grasp these benefits directly.
According to the announcement, the platform mechanics are designed for speed and customization. Bridge manages the complex backends of spare custody and ensures compliance, often through partners such as BlackRock and Fidelity.
This allows businesses to launch stablecoin in days rather than months. At the same time, issuers can adjust almost every aspect of the coin, from the blockchain they support to specific smart contract features and the exact configuration of cash and Treasury building reserves.
Particularly within an open publishing ecosystem, stablecoins are designed to be interoperable, allowing instantaneous one-to-one chains without centralized exchange. For example, users can convert Phantom’s cash directly to USDH in one permitted transaction, bypassing fees and friction on multiple layers.
Key players line up to test the platform
The viability of the platform has already been tested by major players. In addition to the launch of Phantom, a cohort of Stablecoins issued by existing bridges has moved to new platforms, creating instant network effects. The group contains high lipid USDH along with stable names of established names such as Metamask, Dakota, Slash, Lava and Taukes, Stripe said.