Stripe will apply for a federal banking license to comply with U.S. stablecoin regulations.

【Stripe will apply for a federal banking license to comply with U.S. stablecoin standards】 Payment giant Stripe will apply for a federal banking license to comply with U.S. stablecoin standards. The company also plans to apply for a trust license from the New York State Department of Financial Services. Stripe announced on Tuesday that it will allow any business to launch its own stablecoin. In a statement, Stripe said that the new product called "Open Issuance" "enables any business to launch and manage its own stablecoin with just a few lines of code." This new service will be supported by Bridge, which Stripe acquired for $1.1 billion last year. Stripe stated: "Businesses can freely mint and burn tokens, customize their reserves to manage the ratio between cash and government bonds, and choose their preferred accomplices. Government bonds are managed by BlackRock, Fidelity Investments, and Superstate. Cash is held by Lead Bank to provide liquidity when necessary."