Stripe Bridge Unveils Stablecoin Platform – Can Any Business Now Mint Its Own Token?

Core Insights - Stripe is launching Open Issuance, a platform that enables businesses to create and manage their own stablecoins through its subsidiary Bridge [1][2] - The current stablecoin market is dominated by issuers like Tether and Circle, which limits businesses' ability to customize their digital assets [2] - Open Issuance allows companies to mint and burn tokens, customize reserve structures, and earn rewards on their holdings [2][5] Business Model and Features - Open Issuance provides a shared liquidity network for one-for-one swaps between stablecoins, addressing liquidity challenges for new issuers [3] - Phantom Wallet, with over 15 million users, is the first major client to launch a native stablecoin called CASH on the platform [4] - Businesses can launch a stablecoin in days, with Bridge managing security, compliance, and liquidity [5] Strategic Developments - The announcement follows Stripe's acquisition of Bridge in February 2025, aimed at scaling digital dollar solutions for businesses [6] - Stripe has been enhancing its crypto capabilities, including acquiring wallet infrastructure startup Privy and launching a Bitcoin rewards credit card in partnership with Visa [7]