Launching Open Issuance Stablecoins have arrived. Two years ago, we still faced a degree of skepticism over if and how financial services would adopt stablecoins, but today we’re seeing neobanks, remittance companies, creator platforms, marketplaces, treasury teams, and more all use stablecoins to grow their businesses. That being said, it’s abundantly clear that while stablecoins are on their way to becoming core global infrastructure, there are some meaningful gaps to fill. Currently businesses build with one of two major stablecoins, USDC or USDT. Circle and Tether have pioneered this space, and they’ve been (rightfully) rewarded for doing so. But an off-the-shelf solution will only take you so far. It’s like choosing a car for a big race—you’d want to assemble it carefully, selecting the right parts and customizing the design, rather than picking a factory sedan. For instance, if you’re using an off-the-shelf stablecoin to build a neobank - - You can’t fully access the rewards to build the best possible savings account, - Your reserve mix cannot be customized to support increased liquidity or higher earnings, and - You’d have to pay a 10bps redemption fee to withdraw your own money! The status quo just isn’t good enough. If we want to maximize the impact stablecoins can have globally, we need to allow businesses to select the right parts and customize the design. That’s why we built Open Issuance, a new platform that enables any business to create a stablecoin. With Open Issuance, you can: - Customize the smart contracts to ensure this stablecoin meets your unique needs - Issue on any desired blockchain(s) - Adjust reserves composition and management strategy - Fully participate in the reserve economics - Control mint and burn fees (so you never pay to withdraw your own funds) - And so much more But what about liquidity? For a stablecoin to work, you need to make it easy to access, use and move. Through Bridge’s APIs and our new permissionless interoperability network, you can instantly convert between any two dollar formats, including all existing stablecoins (USDC, USDT, etc.), supported fiat currencies, and Open Issuance assets. Seamlessly convert your stablecoin into USDT and then into Mexican Pesos; convert Euros into USDC and then into your stablecoin; and so on. And unlike building a car, this customization comes at little-to-no additional cost. You get better economics, day 1 liquidity, and interoperability with just a few lines of code. We’re excited to unlock a whole new set of capabilities that builders around the world can use to create improved money experiences. We’re launching today with partners including Native Markets (USDH), Phantom (CASH), Metamask (mUSD), and Dakota (DKUSD). Each is using Open Issuance to build world-class stablecoin products. The stablecoin market is early – come build with us and help shape the future. Get in touch at bridge[.]xyz