Stripe Launches Open Issuance for Seamless Stablecoin Conversions
Stripe, the global technology company, has unveiled Open Issuance, a platform that facilitates seamless stablecoin conversions and issuance. This new service offers interoperability with Bridge's orchestration API, enabling cost-efficient stablecoin transactions. Phantom's CASH stablecoin is the first to be issued through this platform, with MetaMask's mUSD and Hyperliquid's USDH set to follow.
Open Issuance, launched by Stripe, allows businesses to create, mint, and redeem stablecoins with minimal technical effort. The platform provides custom liquidity strategies and reserve allocations between cash and treasuries, managed by partners such as BlackRock, Fidelity Investments, Superstate, and Lead Bank.
Stripe's private share price stands at $36.29 as of Sept 29, 2025, with an estimated valuation of $92.37B. The company has raised $8.45B across eight funding rounds. Early adopters of the Agentic Commerce Protocol, developed by Stripe and OpenAI, include Microsoft Copilot, Anthropic, Perplexity, and Replit. This protocol enables AI agents to transact directly with merchants. Stripe has also expanded its payment services to include recurring stablecoin transactions, balance storage, card-based spending, and cross-border transfers.
Stripe's Open Issuance is set to revolutionize stablecoin transactions, offering businesses a streamlined and cost-efficient method for issuance and conversion. With prominent partners managing reserves and early adopters of the Agentic Commerce Protocol, Stripe continues to expand its influence in the fintech sector.