Stripe unveiled a platform for businesses to issue custom stablecoins on September 30, accelerating the payments giant’s expansion into the “stablecoin war” landscape.
The announcement introduced Open Issuance from Bridge, enabling businesses to launch their own branded stablecoins.
Stripe also enabled US businesses to hold stablecoin balances in their financial accounts. Businesses in more than 100 countries can request access.
The company added support for stablecoin subscription payments. The features formed part of a broader product update that included money management capabilities with financial accounts.
Businesses gained the ability to store funds in multiple currencies, including stablecoins, instantly convert currencies, and create virtual and physical cards that draw from their financial account balances.
The functionality launched in the Dashboard for US businesses, with UK support planned.
Bridge Acquisition Accelerates Stripe’s Stablecoin Strategy
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