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Stripe’s Open Issuance Makes Stablecoin Launch Fast and Easy

Key Takeaways

  • ​Stripe’s Open Issuance lets businesses create and manage stablecoins in days, not months;
  • The tool gives control over reserves and partners, backed by firms like BlackRock and Fidelity;
  • Stripe aims to meet US regulations by seeking federal and state licenses for stablecoin services.

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Stripe’s Open Issuance Makes Stablecoin Launch Fast and Easy

Stripe has rolled out a new product designed to help businesses create their own stablecoins quickly and without the usual technical hurdles.

The tool, called Open Issuance, allows companies to generate and remove tokens, decide how to back them with cash or government bonds, and choose the financial partners they want to work with.

The process is supported by Bridge, a firm that builds infrastructure for stablecoins. Financial companies, including BlackRock, Fidelity Investments, and Superstate, will manage reserve assets.

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Stripe noted that this release is part of more than 40 product updates it announced this week.

Reports also indicate that Stripe is working to comply with US rules regarding stablecoins. The company is seeking both a federal banking charter and a trust license from New York regulators, steps that would give it the legal footing needed to run such services in the country.

One of Stripe’s main selling points is speed. It said businesses could launch their own stablecoin program in just a few days rather than months.

Once established, companies would be able to set up reward systems that pass on some of the earnings from reserves to customers.

Stripe argued that this approach is safer than trying to build everything internally. Managing reserves, ensuring compliance, and maintaining sufficient liquidity can be challenging tasks for businesses without prior experience in finance or blockchain.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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