The move will meet the requirements of new U.S. stablecoin legislation. Additionally, it would enable Stripe to continue issuing stablecoins for its clients once the law takes effect.
JUST IN: Stripe is reportedly applying for a federal charter to issue stablecoins
— Bitcoin Archive (@BTC_Archive) September 30, 2025
Push Into Banking Territory
The decision reflects Stripe’s growing ambition in digital finance. The company is also seeking a trust license from the New York State Department of Financial Services, according to Zach Abrams, co‑founder and CEO of Bridge, a stablecoin infrastructure firm Stripe bought earlier this year for $1.1 billion.
With these licenses in hand, Stripe would join a small group of financial technology firms operating under federal oversight. This step could put the company on a firmer regulatory foundation and open the door for faster expansion.
Introducing Open Issuance from Bridge (@stablecoin). Launch and manage your own stablecoin—with just a few lines of code. https://t.co/lX1VYHmuERpic.twitter.com/87WNy8WXcU
— Stripe (@stripe) September 30, 2025
Stablecoin Services Take Off
Alongside the charter news, Stripe introduced a new service that allows clients to launch their own stablecoins in a matter of days. Crypto wallet providers Phantom and Metamask, as well as Native Markets for Hyperliquid, have already tapped the platform.
The offering could shake up a market long dominated by Circle and Tether. By giving businesses a way to issue branded stablecoins, Stripe adds more variety to a space where two tokens have held the majority of market share. Clients using Stripe’s system will also keep all the interest generated from their stablecoins, minus a 0.5 percent fee.
Just in: @Stripe payments with Solana USDC and USDP stablecoins are now live!
Watch @BackseatVC show it in action using @phantom 👇 pic.twitter.com/5rfcm1oYRm
— Solana (@solana) October 9, 2024
“We want to make stablecoin issuance as big as possible,” said Neetika Bansal, Stripe’s business lead for connect, money management and crypto. She added that Stripe does not have immediate plans to launch a stablecoin of its own.
For now, Stripe’s approach is focused on building infrastructure. If regulators approve the licenses, the company could quickly become a key player in the stablecoin economy.
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