Stripe introduced new products to help businesses take advantage of AI, cryptocurrency, and digital payments to grow their revenue. The updates were part of Stripe Tour New York, the company’s annual product showcase in NYC, with over 40 new products and features launched.
The announcements consisted of Open Issuance, which empowers businesses to launch and manage their own stablecoins with just a few lines of code, and new solutions for agentic commerce, helping businesses and their customers transact via AI tools and agents.
Businesses are using stablecoins quickly, with total supply growing 57% in the last 12 months. But by building on coins issued by external providers, they’re unable to reap all the potential benefits. For instance, a neobank that sits on large stablecoin dollar deposits doesn’t retain the yield itself. When its customers want to redeem their stablecoins for cash, they’re subject to burn fees.
Stripe is solving this with Open Issuance, a new platform powered by Bridge, the leading stablecoin infrastructure company Stripe acquired at the start of this year. Open Issuance provides any business to launch and manage their own stablecoin with just a few lines of code.
To continue the flow of liquidity, all new coins are fully interoperable with any others issued via Open Issuance, and Bridge’s orchestration API helps with low-cost conversions to virtually any other stablecoin. Majorly businesses can generate rewards for originating stablecoins on their platform, and use earnings from these rewards to incentivize their customers.
Executive Statement
According to Will Gaybrick, Stripe’s president, technology and business, across stablecoins and AI, Stripe’s role is to pull frontier technology out of the experimental and into the mainstream. With the advent of stablecoins and AI, they are at the dawn of a new online economy. And they are relentlessly focused on channeling its many opportunities to help our customers grow.