Payments platform Stripe has added a new feature that allows users to create stablecoins in a matter of seconds, as per an official announcement by the company.
Dubbed Open Issuance, Stripe’s platform was created by Bridge and allows businesses to create any new stablecoin using just a few lines of code.
Under the new initiative, firms can burn and mint their own stablecoins and maintain treasuries that can be stored in certain proportions along with cash.
Coupled with the debut of Open Issuance, Stripe will also be introducing new AI tools and agents, which are expected to create a new type of agentic commerce.
“Across stablecoins and AI, Stripe’s role is to pull frontier technology out of the experimental and into the mainstream,” said Stripe president for tech and business, Will Gaybrick.
BlackRock, Fidelity Investments, and SuperState will be managing the treasuries while Lead Bank will provide cash for liquidity purposes.
“If money movement is core to your business, you should build with stablecoins. But don’t build on top of someone else’s coin,” said co-founder and CEO of Bridge, Zach Adams.
“With Open Issuance, businesses can build on top of stablecoins that they customize and control, so that the benefits of this important technology flow directly to the people and businesses using them.”