Stripe Launches Stablecoin Platform and AI Commerce Tools in New York

Stripe introduced a stablecoin issuance platform and AI commerce tools at its New York event, linking its payment services to digital currencies and AI in online transactions.
The platform, Open Issuance, is based on Bridge's infrastructure, acquired by Stripe for $1.1 billion. It allows easy launching of custom stablecoins.
Phantom’s CASH token will be the first stablecoin launched via Open Issuance.
Stablecoins like Hyperliquid's USDH and MetaMask's mUSD will also be issued through this protocol.
Issuers can manage reserves between Treasuries and cash, with partners like BlackRock handling asset management.
The AI initiative includes the Agentic Commerce Protocol, developed with OpenAI, enabling merchants to use AI agents while maintaining customer relationships. Partners include Microsoft Copilot and Anthropic.
Stripe's recent acquisitions, such as crypto wallet provider Privy and blockchain development with Paradigm, indicate a strong focus on expanding its crypto infrastructure.

Stripe's president, Will Gaybrick, emphasized the transition of frontier technology from experimental to mainstream with the advent of stablecoins and AI.