Payments giant Stripe unveiled a stablecoin issuance platform and AI commerce tools at its New York showcase on Tuesday, marking a push to tie its payments business to the growing role of digital dollars and artificial intelligence in online transactions.
Open Issuance, built on stablecoin infrastructure platform Bridge that Stripe acquired for $1.1 billion last year, enables firms to launch their own stablecoins by minting and redeeming tokens with just a few lines of code. Phantom’s CASH token, an open-loop stablecoin by the popular crypto wallet provider, will be the first to debut through Open Issuance. The recently-launched stablecoins of decentralized exchange Hyperliquid’s USDH and MetaMask’s mUSD will also be issued through the protocol, with more projects already in the pipeline.
Issuers can balance reserves between Treasuries and cash, with asset management handled by BlackRock, Fidelity, Superstate and Lead Bank. Stripe’s network ensures interoperability across tokens and aims to offer lower conversion costs. Zach Abrams, co-founder and CEO of Bridge, said businesses should build with stablecoins they customize and control rather than building on top of someone else’s coin.
The AI component centered on the Agentic Commerce Protocol, developed with ChatGPT developer OpenAI. The offering allows merchants to transact with AI agents while keeping control over fulfillment and customer relationships. Partners including Microsoft Copilot and Anthropic are also testing the standard.
These product launches build on a series of blockchain-focused moves by Stripe.
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