Stripe Open Issuance launched, backed by BlackRock and Fidelity

Stripe has launched Open Issuance. It is a stablecoin platform that is going to debut along with Phantom’s CASH. Stripe Open Issuance lets businesses issue and redeem their own stablecoins with minimal code, with custody by BlackRock, Fidelity, and others. Stripe also announced its partnership with OpenAI to launch Agentic Commerce Protocol, enabling merchant–AI agent transactions.

With Stripe’s scale, CASH gets instant merchant access, and their TradFi partners de-risk things for bigger players. BlackRock and Fidelity on custody is a trust multiplier, pulling in both retail and institutions at size.

Agentic Commerce could drive new on-chain use cases, but the real unlock is combining Stripe’s distribution with TradFi-grade compliance and liquidity. Stripe bought Bridge, a stablecoin platform last year for $1.1B. Together with Open Issuance, they will allow businesses to launch their own stable coins along with ability to mint and redeem new/old tokens with couple of lines of code. The businesses will be in total control of issuance.

The issuers, Blackrock and Fidelity, will keep an eye on the treasuries and cash. Stripe’s president of technology and business is very optimistic about it and says we humans are at a dawn of new online economy.