Global payments firm Stripe is offering a tool called “Open Issuance” to let businesses create and manage their own stablecoins easily. The service is backed by Bridge and managed by BlackRock, Fidelity, and Superstate, as the stablecoin market booms to $300 billion and is estimated to reach $2 trillion by 2028.

Stripe is seeking a federal banking charter and trust license from the New York State Department of Financial Services to meet US stablecoin requirements. Businesses can launch stablecoins in days using Open Issuance, customize rewards, and incentivize customers, with fewer risks compared to building in-house solutions.

Stripe’s stablecoin service is part of the growing trend of crypto-as-a-service offerings in the industry. Binance and Coinbase have also introduced similar solutions for traditional companies looking to offer crypto services without building their infrastructure from scratch.

Stripe unveiled the Agentic Commerce Protocol, an AI-powered commerce solution for merchants to sell via AI agents while controlling their brand and customer relationships. Stablecoin issuer Circle partnered with Crossmint to expand USDC rails to support payments for AI agents, aligning with the potential for AI agents to become major users of Ethereum for e-commerce apps.

Read more at Cointelegraph: Stripe Tool Lets Companies Launch Custom Stablecoins