Stripe Unveils Stablecoin Issuance Tool With Phantom’s CASH, Expands Into AI Commerce with OpenAI

Core Insights - Stripe has launched a stablecoin issuance platform called Open Issuance, aiming to integrate its payment services with digital currencies and AI in online transactions [1] - The platform allows businesses to create their own stablecoins easily, leveraging the stablecoin infrastructure from Bridge, which Stripe acquired for $1.1 billion [1][3] - The first stablecoin to be issued through Open Issuance will be Phantom's CASH token, with additional projects like Hyperliquid's USDH and MetaMask's mUSD also in the pipeline [2] Stablecoin Issuance - Open Issuance enables firms to mint and redeem stablecoins with minimal coding, allowing for customization and control over the tokens [1][3] - Issuers can manage reserves between Treasuries and cash, with asset management support from firms like BlackRock and Fidelity [3] - Stripe's network aims to provide interoperability across different tokens and reduce conversion costs [3] AI Commerce Tools - The showcase included the Agentic Commerce Protocol, developed in collaboration with OpenAI, which allows merchants to engage in transactions with AI agents while maintaining control over fulfillment and customer relationships [4] - Partners such as Microsoft Copilot and Anthropic are currently testing this AI commerce standard [4] Blockchain Initiatives - The launch of Open Issuance and AI tools is part of Stripe's broader strategy to enhance its blockchain capabilities, following its acquisition of crypto wallet provider Privy [5] - Stripe is also collaborating with crypto venture firm Paradigm to develop Tempo, a blockchain designed for scalable transactions [5] Future Outlook - Stripe's president of technology and business, Will Gaybrick, emphasized that the integration of stablecoins and AI marks the beginning of a new online economy, with a focus on mainstream adoption of frontier technologies [6]