Ahmet yeniceri 
Stripe enables institutions to issue their own stablecoins quickly and securely through its new Open Issuance service.. Companies can now create a stablecoin with just a few lines of code and fully customize their reserve management.
Easy Stablecoin Issuance with Open Issuance
The new service allows businesses to control coin minting and burning operations. Stripe announced that the system will run on the Bridge infrastructure it acquired last year for $1.1 billion. This will enable institutions to manage their own stablecoins flexibly and securely.
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Stripe will collaborate with BlackRock, Fidelity Investments, and Superstate on reserve management. Lead Bank holds cash assets to provide liquidity. This structure aims to enhance the reliability of stablecoins and market stability.
Regulatory Steps and Legal Compliance
To comply with stablecoin regulations in the US, Stripe will apply for a federal banking license. Preparations are also underway to obtain a trust license from the New York State Department of Financial Services. These steps will enable institutions to issue stablecoins legally and securely.
Tether, the world’s largest stablecoin issuer, currently leads the market with a supply of $175 billion. Stripe aims to become a strong player in this rapidly growing market. In May, Stripe enabled businesses in 101 countries to accept stablecoin payments, and in June, it acquired the crypto wallet startup Privy.
Build Your Own Stablecoin
Bridge co-founder Zach Abrams said, “If money movement is at the core of your business, you should build your own stablecoin. Open Issuance makes this possible.” Stripe also announced that all issued stablecoins will be compatible with each other.