Stripe’s $1.1 billion acquisition of Bridge last October positioned the company to introduce stablecoins into its business model. The new product, Open Issuance, will enable businesses to create and manage their own stablecoins while earning interest from reserves, which traditionally don’t benefit users. Stripe believes stablecoins can enhance global transactions, as stated by its technology president, William Gaybrick. The regulatory environment improved due to the Genius Act, allowing broader experimentation with stablecoins. Open Issuance marks a shift in stablecoin adoption, enabling various companies, including traditional financial players, to participate, although initial users are largely within the crypto sector. Gaybrick expects numerous new stablecoins to emerge under this platform, facilitating easier transitions between fiat and cryptocurrency, yet it remains unclear when non-crypto companies will fully embrace the technology. According to Zach Abrams, cofounder of Bridge, all of the new Stripe-issued stablecoins will also be interoperable, which helps enable on- and off-ramping back into U.S. dollars, as well as allows different companies to build integrations with one another across different blockchains, including Ethereum, Solana, and eventually Stripe’s own project, Tempo. “The network builds liquidity together, and every additional participant benefits from and contributes to the shared liquidity that we’re all building,” he told Fortune. Gaybrick cited American Express and Amazon as two businesses that would benefit from allowing users to easily move between points, fiat currency, and stablecoins. “For some of these major platforms or financial services companies,” he said, “if you’re storing balance or points on behalf of your consumers, or if you really want to store balance on behalf of your customers, stablecoins can be powerful.”