Stripe places a big bet on stablecoin

Stripe is expanding its operations in the digital finance sector with new services, helping businesses directly access the growing stablecoin market. At an event in New York, the company announced over 40 product upgrades, notably Open Issuance – a toolkit that enables businesses to quickly issue stablecoins.

Launched after the $1.1 billion acquisition of Bridge, this feature helps design stablecoins based on cash or treasury bonds, manage on-demand redemptions, and navigate reserves through partners like Fidelity, BlackRock, or Lead Bank. Users can offer incentives to customers while maintaining yields from the underlying assets.

The demand for stablecoins has increased by nearly 60% over the past year, and Stripe has also launched subscription features, payments in crypto or fiat, and spending via card. The company has also applied for management licensing with a national trust license in the US and New York, focusing on providing infrastructure rather than issuing branded tokens.