SS #36 - Stripe Lets Every Business Launch Its Own Stablecoin

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Happy October! We're kicking off the month with some great news from the stablecoin sector.

First, Stripe has unveiled "Open Issuance," a new product that will enable any business to easily launch and manage its own stablecoin. By allowing companies to mint, burn, and customize their stablecoins with minimal code, this development suggests that the path to widespread global stablecoin adoption is becoming significantly clearer.

Meanwhile, from the stablecoin titan itself, Tether appears to have acquired another 8,888.88 BTC for its reserves. While the firm has yet to publicly confirm the purchase, the transaction address aligns with Tether's previous buying patterns, often occurring at the close of a quarter. This accumulation streak looks undeniably bullish, leading many to speculate about the potential for a strong Q4.

Regardless of what the market brings, you can rely on Stablescope to deliver the latest, most critical updates from the stablecoin sector directly to your inbox.

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In Today's Edition:

• Headline: Stripe Lets Every Business Launch Its Own Stablecoin

• Quick Bites: Tether Moves 8,888 BTC Worth $1B Into Bitcoin Reserve Wallet

• Yield of the Week: 220.33% APY on Dolomite

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HEADLINE

Stripe Lets Every Business Launch Its Own Stablecoin

State of play: Payments titan Stripe is launching "Open Issuance," a new product that will enable any business to easily launch and manage its own stablecoin.

• Stripe's new Open Issuance platform, powered by its acquisition of Bridge, allows any business to mint, burn, and customize its own stablecoins with minimal code.

• The reserves backing these custom stablecoins will be managed by major financial players, including BlackRock, Fidelity Investments, and Superstate for treasuries, and Lead Bank for cash liquidity.

• Stripe is proactively seeking to comply with US guidelines by planning to apply for both a federal banking charter and a trust license with the NYDFS.

What’s Next: We predict an immediate acceleration of bespoke, branded stablecoins for specific corporate uses, tokenizing liabilities at scale. Successful US regulatory approval will solidify Stripe's role as a trusted intermediary, paving the way for wider corporate adoption.

Why it Matters: Stablecoins become a commoditized utility layer available to all businesses, validating massive market growth predictions. Stripe is turning complex issuance into a SaaS product, challenging traditional banking and allowing corporations direct control over digital currency flows.

Our Take: Stripe is making stablecoins the default choice for global, programmatic money movement by offering institutional trust and customizability. The primary opportunity is for businesses to build their own coin, escaping reliance on legacy banking infrastructure.

QUICK BITES

• Flying Tulip raises $200M at $1B token valuation.

• MEXC Ventures raises Ethena investment to $66M.

• Stripe to help companies to launch their own stablecoins.

• Tether moves 8,888 BTC worth $1B into Bitcoin reserve wallet.

• Sui digital asset treasury company plans to launch 2 stablecoins.

• Visa pilots stablecoin payments for businesses sending money abroad.

• Tether to tap Rumble through upcoming wallet to drive USAT adoption in US.

• OKX SG brings USDT and USDC scan-to-pay to Singapore’s everyday shopping.

• Circle expands $635M tokenized treasury fund to Solana amid rapid RWA growth.

• Societe Generale’s crypto arm deploys euro and dollar stablecoins on Uniswap, Morpho.

• World Liberty Financial plans to tokenize real-world assets and pair with USD1 stablecoin.

• Arf, Huma to join Circle Payments Network for seamless cross-border stablecoin payments.

• Aleo and Paxos Labs launch privacy-focused dollar stablecoin aimed at institutions.

• Deutsche Börse and Circle to integrate stablecoins into European market infrastructure.

YIELD OF THE WEEK

Dolomite Looped srUSD: 60.25%-220.33% APY

• The Dolomoite Looped srUSD strategy operates via a "looping" mechanism: srUSD is used as collateral to borrow stablecoins, which are then immediately swapped into more srUSD collateral.

• This approach is delta-neutral because both the collateral and the debt are correlated with the US Dollar. The yield is earned primarily through srUSD price appreciation and distributed to users as srUSD and oDOLO rewards, with the majority of the gain denominated by oDOLO.

• Users have flexibility in configuring the position, being able to choose debt from USDT, USDC, and USD1, and can apply leverage ranging from 3x up to 9x.

Dolomite Looped stcUSD: 15.95%-107.2% APY

• The Dolomite Looped stcUSD strategy involves a "looping" mechanism where stcUSD is used as collateral to borrow stablecoins, and those stablecoins are immediately swapped back into additional stcUSD collateral.

• The strategy is delta-neutral because both the collateral and the debt are correlated with the US Dollar, and users earn yield purely from stcUSD price appreciation.

• Users can select their debt from cUSD, USDC, and USD1, and the available leverage for the position ranges from 3x to 9x.

Morpho M11C Level lvlUSD: 74.42% APY

• The Morpho M11C Level Vault accepts deposits in lvlUSD and uses assets from the Level ecosystem as collateral for its operations.

• The vault is actively managed by M11C with the goal of optimizing capital efficiency and reducing the risks associated with lvlUSD lending/borrowing strategies.

• The vault applies a 10% performance fee, though the APY displayed to users is already net of this fee, and its asset exposures are primarily concentrated in LP and PT instruments.

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Disclaimer: All the information presented in this publication and its affiliates is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, or any other form of advice.