🔥 NEW: Stripe's Bridge introduces Open Issuance, a platform allowing businesses to launch and manage their own stablecoins. https://t.co/Rzl2CK8tmg ...

Industry Trend - Stripe launches open issuance stablecoin infrastructure, starting with Phantom's Cash [1]

Stripe unit Bridge intends to seek a federal banking charter, aiming to get ahead of looming rules on stablecoins after Congress passed legislation setting a framework for the tokens https://t.co/bemnKjhbru ...

🇺🇸 NEW: Stripe plans to apply for a federal charter with the OCC, aligning with the new US stablecoin legislation to allow the company to continue issuing stablecoins, per The Information. https://t.co/nTTjbbILmx ...

Stablecoin & Platform Launch - Phantom, a Solana crypto wallet, introduced CASH, a new U.S dollar-pegged stablecoin [1] - The stablecoin is built in collaboration with Stripe and Stablecoin [1] - CASH will underpin Phantom's new financial platform, Phantom Cash [1]

Core Insights - Phantom has launched a new U.S. dollar-pegged stablecoin called CASH, developed in collaboration with Stripe and Bridge, to support its financial platform Phantom Cash [1] - The stablecoin is designed to allow businesses to create their own stablecoins using Bridge's Open Issuance platform, with builders retaining 100% of net revenues [2] - The initial deployment of CASH will be on the Solana blockchain, with plans for future expansion to other chains [2] Group 1 - CASH will be integrated into Phantom Cash, which enhances the existing wallet with features like instant bank funding, peer-to-peer payments, a Visa debit card, and rewards on unspent stablecoins [3] - The platform is currently in limited early access, with a waitlist open for eligible jurisdictions, and is expected to roll out next month [4] - Phantom reported having 15 million monthly active users at the beginning of the year and raised $150 million in a Series C funding round, valuing the company at $3 billion [4]

Stablecoin Initiatives - Stripe reportedly aims to assist companies in launching their own stablecoins [1] Regulatory Landscape - Stripe is reportedly applying for a federal banking charter [1]

RT Stepan | squads.xyz (@SimkinStepan)Bank you business on @solana (a payments chain already live in production) with @tryaltitude:- USD/EUR accounts and FX- free on/off ramps- 5% APY rewards (powered by Bridge and Stripe)- Squads security and controlsDM @GarrettHarper_ to get onboarded by the man himself. ...

Regulatory Compliance - Stripe is preparing to apply for a national trust charter with the Office of the Comptroller of the Currency (OCC) [1] - The application is to comply with upcoming U S stablecoin legislation [1] Business Strategy - This move enables Stripe to continue issuing stablecoins for clients [1]

JUST IN: Stripe is reportedly applying for a federal charter to issue stablecoins ...