Stripe Launches Open Issuance for Custom Stablecoins

2 mins mins

Key Points:

Stripe launches Open Issuance for custom stablecoin creation.
Asset management involves BlackRock and Fidelity.
Potential market impact on Phantom, MetaMask, ETH.

Stripe has launched Open Issuance, a platform for custom stablecoin creation, leveraging infrastructure from its $1.1 billion Bridge acquisition, as reported by CoinDesk on September 30th.

This development could enhance stablecoin adoption, offering businesses customized solutions and expanding merchant transactions integrated with AI, potentially impacting Ethereum-based ecosystems.

Stripe Invests $1.1 Billion in Stablecoin Platform

Stripe unveiled Open Issuance, a platform empowering businesses to create custom stablecoins, built upon technology from Bridge, its recent $1.1 billion acquisition. Phantom’s CASH will be the initial stablecoin issued, followed by Hyperliquid’s USDH and MetaMask’s mUSD.

The platform enables issuers to allocate reserves between government bonds and cash, with asset management from BlackRock and Fidelity. This development supports efficient stablecoin creation by integrating advanced infrastructure with existing financial systems.

Industry leaders, including Stripe’s President, Will Gaybrick, highlighted the potential growth opportunities from stablecoin issuance. With the advent of stablecoins and AI, we’re at the dawn of a new online economy. And we’re relentlessly focused on channeling its many opportunities to help our customers grow.

Twitter has seen a surge of positive discussions about the platform’s ease of integration and institutional support.

Ethereum and DeFi Markets Brace for Impact

Did you know? The introduction of Open Issuance may mirror past stablecoin launches, potentially boosting decentralized finance total value locked, similar to Circle’s USDC impact.

Based on data from CoinMarketCap, Ethereum (ETH) currently trades at $4,161.82, with a market cap of $502.35 billion and a 24-hour trading volume of $36.56 billion. Price fluctuations over the past 30 days indicate a 6.81% decrease, even with a 60-day increase of 18.18%.

ethereum-daily-chart-1537 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 19:54 UTC on September 30, 2025. *Source: CoinMarketCap*

Experts interpret these moves as pivotal for enhancing blockchain finance. The Coincu research team suggests that Open Issuance could present both financial and regulatory changes, particularly by facilitating more customized, compliant stablecoin solutions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.