Stripe Launches Open Issuance for Custom Stablecoins
Stripe has launched Open Issuance, a platform simplifying the creation and management of stablecoins. This innovation enables businesses to generate revenue and enhance customer retention through custom stablecoins.
Open Issuance offers precise control over stablecoin reserves. It manages cash and government bond ratios via partnerships with financial giants like BlackRock, Fidelity Investments, Superstate, and PNC Bank. Cash reserves are securely held by PNC Bank for constant liquidity.
Stripe's AI-driven trading products facilitate secure transactions through digital agents. The platform's Open Issuance feature allows companies to design and control their own stablecoins using Bridge's infrastructure. Issued stablecoins are compatible and exchangeable into other currencies cheaply and automatically through the Bridge API.
Open Issuance, Stripe's latest offering, empowers businesses to create and manage stablecoins with minimal coding. It ensures secure transactions and constant liquidity, opening new revenue streams and customer retention opportunities.
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