A US money-transmitter-licensed platform that issues a fintech's branded dollar under Brale's own name and rails — Brale is the regulated issuer of record, holds the reserves and keeps the contract's private keys, while the customer gets the brand, the API and a published share of the reserve yield. Strongest on published platform price to the issuer (9/10): Brale publishes a full rate card: plans at $0, $10 and $500 a month, $2 per RTP, $20 per wire, 25¢ per ACH, on-chain transfers at gas plus 20%, and 0 bps on standard money movement except 5 bps on USDT conversions. Volume pricing and two ACH-return fees sit off the card. Weakest on what share of the reserve yield the brand keeps (6/10): Brale's pricing page sells '90/10 program rewards' on the $500-a-month Pro plan, and its docs say treasury revenue is shared monthly. Its Business User Agreement says the customer is 'not entitled to any returns' on the instruments holding reserves, and its own revenue calculators book 100% of the yield. Published price: Published in full at https://
Stablecoin Issuance Platforms
Stablecoin Issuance Platforms evaluated across whose charter the coin is issued under, what share of the reserve yield the brand keeps, who holds the mint key and what the brand keeps if it leaves, and the published platform price to the issuer.
Ranked here: stablecoin issuance platforms that sell issuance to a third-party brand, so the brand can launch its own branded dollar. Not ranked here: issuers of their own tokens, platforms selling access to somebody else's dollar, the infrastructure layer beneath issuance platforms, and offerings that are still pre-product.
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How this page is reviewed
Reviewed means every product ranked on this page was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
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Ranked on 4 published criteria weighted 35/25/22/18, which set goal alignment — 30 of the 86 points. The rest: regional access 20 (constant here), evidence depth 18 (constant here), ease of use 10 (constant here), institutional trust 8 (constant here). Profile match is shown in breakdowns but carries no weight.
- Control failure: a key or vote changes the rules, freezes or mints.Scored by Who Holds the Mint Key, and What the Brand Keeps If It Leaves · 22% (Brale 6/10, Anchorage Digital (Stablecoin Issuance) 4/10, BitGo Stablecoin-as-a-Service 3/10)
- Regulatory failure: no licence where you are, or a forced market exit.Scored by Whose Charter the Coin Is Issued Under · 35% (Brale 8/10, Anchorage Digital (Stablecoin Issuance) 9/10, BitGo Stablecoin-as-a-Service 8/10)
What matters most before choosing in this category
Weighted on whose charter the coin is issued under (35), what share of the reserve yield the brand keeps (25), who holds the mint key and what the brand keeps if it leaves (22), and published platform price (18). THE CHARTER QUESTION LEADS BECAUSE IT DECIDES WHETHER YOU CAN LAUNCH AT ALL, and this pool answers it three different and equally legitimate ways: Anchorage issues under its own OCC national trust charter, so you need none; BitGo makes YOU the issuer of record, which is why the brand that shipped through it was SoFi Bank, N.A.; Brale gives you money-transmitter rails and you issue. A buyer who reads this criterion as "is the vendor regulated" gets the wrong answer, and discovers after signature that it is the issuer of record and needs a charter it does not hold. THE SECOND-HEAVIEST CRITERION IS ONE MOST OF THIS POOL DOES NOT INTEND TO ANSWER. Reserve yield is the entire commercial case for a branded dollar, and across the six vendors’ own machine-readable corpora — Bridge 262 pages, Paxos 376, Anchorage 299 plus 253 running to 1,969,489 characters, BitGo 803 documents, Brale 99 — the split is largely absent. That absence was established by reading those corpora, not assumed. No platform in this category has an affiliate programme with ChainChoice, so nothing here pays a commission.
The #1 overall and the scoring weights
How this category is reviewed
Reviewed on whose charter the coin is issued under, what share of the reserve yield the brand keeps, who holds the mint key, and what the brand keeps if it leaves, and published platform price to the issuer.