Payments Giant Stripe announced its Stablecoin publishing platform and AI commerce tools at its New York showcase on Tuesday, marking its payments business to a growing role for digital dollars and artificial intelligence in online trading.
With an open issuance backed by the Stablecoin Infrastructure Platform Bridge, which Stripe acquired for $1.1 billion last year, companies can launch their own Stablecoins, mint and redeem tokens with just a few lines of code.
The company announced that Phantom’s Cash Token, an open loop stub coin by popular Crypto wallet providers, will debut first through open issuance.
The recently launched stubcoin for USDH of decentralized exchange Hyperliquid and MUSD of Metamask have been issued through protocols, with more projects already taking part in the pipeline, the company said.
“If money movement is at the heart of your business, you need to build with stubcoins. But don’t build on someone else’s coin,” Bridge co-founder and CEO Zach Abrams said in a statement. “Open issuance allows businesses to build on stub coins that they customize and control, so the benefits of this important technology flow directly to the people and businesses that use them.”
Issuers can balance reserves between the Treasury and cash, along with the asset management handled by BlackRock, Fidelity, Superstate and Lead Bank. Stripe’s network aims to ensure overall token interoperability and reduce conversion costs.
The AI side of the showcase focuses on the Agent Commerce Protocol, developed with ChatGpt developer Openai. The offer allows merchants to trade with AI agents while managing fulfillment and customer relationships, the company said. Partners like Microsoft Copilot and Anthropic are also testing the standards.
The launch of these products is built on a series of blockchain-centric movements by Stripe. In addition to the acquisition of Bridge, Stripe recently purchased the Crypto Wallet Provider Privy, expanding its in-house crypto infrastructure tools. The company is also working with Crypto Venture Firm Paradigm to develop Tempo, a payment-oriented blockchain designed to handle transactions of scale.
“With the advent of Stablecoins and AI, we are at the dawn of a new online economy,” Gaybrick, president of technology and business at Stripe, said in a statement, adding that the company is focusing on “equipping frontier technology into the mainstream from experimentation.”
read more: Why Circles and Stripes (and many others) launch their own blockchains
