Stripe launches Open Issuance to accelerate stablecoin adoption
Stripe has unveiled Open Issuance, a new service designed to make stablecoin creation accessible to businesses of all sizes. Announced on September 30, 2025, the platform allows companies to launch their own stablecoins in a matter of days, reducing technical and regulatory complexities. The move signals Stripe’s growing ambition in digital assets and positions the company at the forefront of stablecoin adoption in mainstream finance.
Open Issuance is built as a turnkey answer that handles the most challenging aspects of stablecoin issuance. Stripe manages reserve backing, liquidity infrastructure, regulatory compliance, and security layers, allowing businesses to focus on brand integration and user experience. The platform also emphasizes flexibility, offering customization features so issuers can adapt tokens to specific needs, from consumer payments to in-app ecosystems.
First stablecoin launched through Open Issuance
The launch of Phantom Cash (CASH) by wallet provider Phantom serves as the first practical demonstration of Open Issuance. Phantom Cash represents a stablecoin that integrates directly with Phantom’s ecosystem, offering users a seamless method for transacting, storing value, and engaging with digital assets. Its debut highlights how Open Issuance can empower companies to create proprietary stablecoins without building complex infrastructure from scratch.
Industry analysts suggest that Phantom’s ahead adoption may spark a broader trend of businesses launching branded stablecoins. By lowering barriers to entry, Stripe could enable beginups, fintechs, and established enterprises alike to explore new digital currency models for payments, loyalty rewards, or peer-to-peer settlements. This wave of adoption could further expand the role of stablecoins in both traditional finance and decentralized ecosystems.
Implications for fintech and crypto markets
Stripe’s decision to enter the stablecoin issuance market carries significant implications for the future of financial services. For fintech firms and traditional businesses, the platform provides a secure and regulated pathway to experiment with digital currencies. For crypto-native projects, it introduces a trusted partner capable of scaling token issuance while maintaining compliance standards.
The timing of Open Issuance aligns with global discussions on stablecoin regulation. Policymakers in the United States, Europe, and Asia are actively exploring frameworks to ensure transparency, proper reserve management, and consumer protections in the stablecoin sector. By leveraging its reputation as a leading payments company, Stripe could assist bridge the trust gap between regulators and businesses experimenting with digital assets.
The launch also positions Stripe as a competitor to specialized blockchain infrastructure providers that have historically dominated the stablecoin market. With its existing global payments network and enterprise relationships, Stripe may be able to accelerate adoption in ways smaller players cannot.
As the first issuer on the platform, Phantom Cash demonstrates the speed and ease of launching a stablecoin through Stripe’s infrastructure. Industry watchers will be closely monitoring which companies follow next and how they choose to integrate stablecoins into their ecosystems. If widely adopted, Open Issuance could transform how businesses engage with digital assets, making stablecoins a standard tool for global commerce.
By simplifying issuance and ensuring compliance, Stripe’s Open Issuance has the potential to shape the next chapter of digital payments. With its blend of fintech expertise and blockchain integration, Stripe is positioning itself not only as a payments processor but as a key enabler of the stablecoin economy.
