Provider at a glance
- Category
- Stablecoin Issuance Platforms
- Official website
- bridge.xyz
Independent rankingchecked How it works
Details
Scored 64 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Bridge Open Issuance (Stripe)
Branded stablecoin issuance from Stripe's Bridge
Stablecoin Issuance Platforms
#5 Overall
Ranked #5 of 6 stablecoin issuance platforms in the published ranking
64
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Bridge Open Issuance (Stripe) right for you?
Right for you if these matter most
- What Share of the Reserve Yield the Brand Keeps6/10; the category best is 7
Look elsewhere if these come first
- Whose Charter the Coin Is Issued Under4/10 here; BitGo Stablecoin-as-a-Service scores 8
- Who Holds the Mint Key, and What the Brand Keeps If It Leaves4/10 here; Coinbase Custom Stablecoins scores 5
- Published Platform Price to the Issuer5/10 here; BitGo Stablecoin-as-a-Service scores 6
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best issuance platform shows where it lands for you.
What will Bridge Open Issuance (Stripe) cost you?
Not priced on this basis
- Your monthly volume
- $1k
How safe is Bridge Open Issuance (Stripe)?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
- On the registersMiCA: authorised, Bridge Building S.A. (LU, since 2026-06-29). Read 3 November 2026. Open the register
Alternatives to Bridge Open Issuance (Stripe)
Compare all 4- 3BitGo Stablecoin-as-a-Service10 points above · stronger on issuer of record charter (8 against 4)74
- 4Paxos (Stablecoin Issuance / Stablecoin-as-a-Service)6 points above · stronger on issuer of record charter (8 against 4)70
- 6Coinbase Custom Stablecoins5 points below · stronger on mint authority and exit (5 against 4)59
For your setup
Find out if Bridge Open Issuance (Stripe) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Bridge Open Issuance (Stripe) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
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- Ranking-blind: no commercial input
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Find my best issuance platformNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Bridge Open Issuance (Stripe) ranks #5
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (15.0 here) sit inside the score; availability, friction, trust record and measured data add the rest.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
354+4.488.09#5/6Loading evidence…
256+4.805.57#2/6Loading evidence…
224+2.824.06#3/6Loading evidence…
185+2.885.59#4/6Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin−6behind Paxos (Stablecoin Issuance / Stablecoin-as-a-Service), #4
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 62–66 and stays #5
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Bridge Open Issuance (Stripe)’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Whose Charter the Coin Is Issued Under 4 → 7 on its ladder · passes Paxos (Stablecoin Issuance / Stablecoin-as-a-Service)+371#5 → #4
What Share of the Reserve Yield the Brand Keeps 6 → 10 on its ladder · passes Paxos (Stablecoin Issuance / Stablecoin-as-a-Service)+470#5 → #4
Who Holds the Mint Key, and What the Brand Keeps If It Leaves 4 → 9 on its ladder · passes Paxos (Stablecoin Issuance / Stablecoin-as-a-Service)+571#5 → #4
Whose Charter the Coin Is Issued Under 4 → 1 on its ladder · Coinbase Custom Stablecoins passes it−357#5 → #6
What Share of the Reserve Yield the Brand Keeps 6 → 3 on its ladder · Coinbase Custom Stablecoins passes it−359#5 → #6
Who Holds the Mint Key, and What the Brand Keeps If It Leaves 4 → 0 on its ladder · Coinbase Custom Stablecoins passes it−458#5 → #6
Smallest climb: whose Charter the Coin Is Issued Under 4 → 7 passes Paxos (Stablecoin Issuance / Stablecoin-as-a-Service), #4.
Strengths
1 from the score dataWhere it leads
Best for readers who weight
- What Share of the Reserve Yield the Brand Keeps — 6/10, category best 7/10
Tradeoffs
3 from the score dataWhere it trails
Not for readers who put first
- Whose Charter the Coin Is Issued Under — 4/10 against a category best of 9/10
- Who Holds the Mint Key, and What the Brand Keeps If It Leaves — 4/10 against a category best of 6/10
- Published Platform Price to the Issuer — 5/10 against a category best of 9/10
Record watch-outs
- The reward rates you were sold on are gross, and the number that turns them into your revenue is the one Bridge does not print. Reserve Management quotes treasuries at "Approximately EFFR - 20 bps" and works an example to "3.3%" effective earnings on $100m — then the Rewards API schema quietly inserts "bridge_fee_bps ... Effective fee rate for that day" between "Gross rewards" and "Net rewards after fees", and that rate appeared nowhere in the 266 documentation pages read on 2026-09-30. You sign, then you learn your margin. Second, and worse for anyone who read "launch your own, branded fully-backed stablecoin you control": for the platform's flagship reference customer that sentence is not what shipped. MetaMask's mUSD is an M0 extension whose implementation is authored by M0 Labs and which has no mint function at all — it comes into existence by wrapping M0's $M, and the string "M0" appeared on zero of Bridge's 266 docs pages on 2026-09-30. Its upgrade path runs through a ProxyAdmin owned by a TimelockController, its pause key sits with a MetaMask-controlled EIP-7702 account, and a single unverified EOA (0x251d2711ebeb0a09fdb8992f5506f3d949175246) holds both FREEZE_MANAGER_ROLE and FORCED_TRANSFER_MANAGER_ROLE — a function the code itself describes as being there to "seize funds from a frozen account". On Solana, Phantom's CASH is natively minted but carries a Token-2022 permanentDelegate (E7JdFMP5AqdndJKstZV2mHdekLwAQbNWRHMpoozyB3qw) that can move or burn any holder's balance without even freezing it first. Not one of these keys is named on any Bridge surface. What it never mentions, in ~98,500 characters, is 'ticker', 'holder base', 'deployed contract' or any return of reserves. You can read your notice period; you cannot read what you walk away with. The same document also reframes the economics: your payment is a 'Marketing Fee', and 'Developer will not grant or purport to grant any claim on any interest or returns from the reserves backing the Stablecoin or the Marketing Fee' — so the published EFFR-relative rates describe what the RESERVES earn, not what YOU keep. Finally, the credential is jurisdictionally split in a way the marketing does not flag — Bridge's genuine issuance authority is European (CSSF EMI W00000024, "issuance, distribution, and redemption of electronic money", plus an EMONEY_TOKEN registration dated 2026-08-20 that Bridge's own licences page has not caught up to), while every named live coin is a US dollar issued by Bridge Building Inc, whose sole published credential is NMLS # 2450917 — a money-transmitter registration, which is permission to move money and not authority to issue.
Competitive position
Where Bridge Open Issuance (Stripe) leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 614.0 of 20 · constant here
Published criteria#5 / 611.2 of 30 · best 17.4
Friction#1 / 62.7 of 10 · constant here
Trust record#1 / 63.2 of 8 · constant here
Measured data#1 / 68.3 of 18 · constant here
Where Bridge Open Issuance (Stripe) leads
- What Share of the Reserve Yield the Brand Keeps#2 / 6
Where it trails
- Whose Charter the Coin Is Issued Under#5 / 6
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Coinbase Custom Stablecoins#6 of 6 · score 59 · 5.0 points behind
Bridge Open Issuance (Stripe) leads on
- Whose Charter the Coin Is Issued Under4 vs 3
- What Share of the Reserve Yield the Brand Keeps6 vs 5
- Published Platform Price to the Issuer5 vs 3
Coinbase Custom Stablecoins leads on
- Who Holds the Mint Key, and What the Brand Keeps If It Leaves5 vs 4
Largest single reason Bridge Open Issuance (Stripe) is ahead: published criteria (+4.4 display points).Scenario cost: Coinbase Custom Stablecoins has no verified pricing for this scenario.
Paxos (Stablecoin Issuance / Stablecoin-as-a-Service)#4 of 6 · score 70 · 6.0 points ahead
Bridge Open Issuance (Stripe) leads on
- What Share of the Reserve Yield the Brand Keeps6 vs 5
- Published Platform Price to the Issuer5 vs 4
Paxos (Stablecoin Issuance / Stablecoin-as-a-Service) leads on
- Whose Charter the Coin Is Issued Under8 vs 4
Largest single reason Paxos (Stablecoin Issuance / Stablecoin-as-a-Service) is ahead: published criteria (+6.2 display points).Scenario cost: Paxos (Stablecoin Issuance / Stablecoin-as-a-Service) has no verified pricing for this scenario.
BitGo Stablecoin-as-a-Service#3 of 6 · score 74 · 10.0 points ahead
Bridge Open Issuance (Stripe) leads on
- Who Holds the Mint Key, and What the Brand Keeps If It Leaves4 vs 3
BitGo Stablecoin-as-a-Service leads on
- Whose Charter the Coin Is Issued Under8 vs 4
- What Share of the Reserve Yield the Brand Keeps7 vs 6
- Published Platform Price to the Issuer6 vs 5
Largest single reason BitGo Stablecoin-as-a-Service is ahead: published criteria (+10.1 display points).Scenario cost: BitGo Stablecoin-as-a-Service has no verified pricing for this scenario.
Against the leader
80 vs 64 · gap 16.0Why Brale ranks above Bridge Open Issuance (Stripe)
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 16.0 to within rounding.
DimensionThisBraleGap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight11.217.4−16.1, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisBralePoints
Whose Charter the Coin Is Issued Under · w3548−4.48, worse
Who Holds the Mint Key, and What the Brand Keeps If It Leaves · w2246−1.41, worse
Published Platform Price to the Issuer · w1859−2.30, worse
Net6480−16.0
Your scenario
Bridge Open Issuance (Stripe) is not priced for this scenario
Transfer fee on your volume for a year. Excludes network gas and any withdrawal fee. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your monthly volume · your input$1k
Rate read from the provider’s published pricing ↗ on 30 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 6 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
6 of 6 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 30 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessHoldsrank #5 across every one-point re-run
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 30 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Whose Charter the Coin Is Issued Understrength 4 · weight 35Report an error—30 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.What Share of the Reserve Yield the Brand Keepsstrength 6 · weight 25Report an error—30 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Who Holds the Mint Key, and What the Brand Keeps If It Leavesstrength 4 · weight 22Report an error—30 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Published Platform Price to the Issuerstrength 5 · weight 18Report an error—30 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Control failure (Bridge Open Issuance (Stripe) 4/10): 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%
- Regulatory failure (Bridge Open Issuance (Stripe) 4/10): no licence where you are, or a forced market exit.Scored by Whose Charter the Coin Is Issued Under · 35%
Not assessed by this ranking: Liveness failure, Custody failure, Insolvency failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What Share of the Reserve Yield the Brand Keeps (25%), Published Platform Price to the Issuer (18%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- NO PLATFORM PRICE IS PUBLISHED, AND THE CONTRACT SAYS WHY. Bridge's canonical pricing surface, https://
apidocs .bridge .xyz /platform /additional-information /pricing (Bridge API docs, "Pricing", fetched 30 September 2026, HTTP 200), reads in full: "Please reach out to sales@bridge.xyz to discuss pricing." https:// www .bridge .xyz /pricing returns HTTP 404 (30 September 2026). THE PRICE IS CONTRACTUALLY PRIVATE: Bridge's Developer Agreement (https:// bridge .xyz /legal /developer-agreement, HTTP 200, re-read 30 September 2026) puts it in an unpublished, negotiated Order Form ('Developer shall pay the fees (i.e., Bridge Transaction Fees and Third Party Fees) set forth in the Order Form to this agreement.') and designates it confidential ('Bridge Data is Bridge’s Confidential Information.'). DOCS CORPUS SWEPT: all 266 unique .md pages listed in https:// apidocs .bridge .xyz /llms .txt (267 index entries; 262 pages in August) were downloaded on 30 September 2026, every one HTTP 200. None carries a recurring issuance platform fee, a per-mint or per-redemption charge, an issuance minimum or a volume tier; the issuance overview still closes 'If you would like to set up a custom stablecoin reach out to sales@bridge.xyz'. WHAT IS PUBLISHED IS FEE TYPES, NOT FIGURES: the issuance overview says 'Bridge shares all revenue (minus issuance fees) with you.'; the reporting page offers quarterly attestations 'available subject to an additional fee'; the Rewards API schema defines a daily Bridge fee field with no standing figure. The only number ever attached to that field is an illustrative OpenAPI example payload, which is not a published rate and is neither scored nor quoted here; third-party claims that Bridge publishes a basis-point price trace back to that specimen and to a pricing URL that is a 404. Fees Bridge does publish elsewhere (an end-user FX spread cap on its fee disclosure statement, and a beta FedNow offramp fee in the docs changelog entry of 08/17/2026) are orchestration charges, not a price to a stablecoin issuer, and are not quoted in this note.Bridge Open Issuance (Stripe) — official pricing page ↗ · 30 September 2026 - Prices published in
- USDBridge Open Issuance (Stripe) — official pricing page ↗ · 30 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- THE ALLOCATION IS STATED PLAINLY — THE PLATFORM CARRIES IT. The issuance FAQ (apidocs.bridge.xyz/platform/issuance/faq, fetched 27 August 2026) is written for the brand to hand to its own end users and answers the question directly: "Q: Who issues the stablecoin? A: The stablecoin is issued by our partner, Bridge. Bridge mints, burns and holds the stablecoin reserves."
- Supported chains
- Solana, Ethereum, Phantom's CASH is natively minted on Solana and carries a Token-2022 permanentDelegate (E7JdFMP5AqdndJKstZV2mHdekLwAQbNWRHMpoozyB3qw), There is also an EVM deployment whose token contract carries FORCED_TRANSFER_MANAGER_ROLE, a function the code itself describes as being there to "seize funds from a frozen account". That contract is MetaMask's mUSD, read on Ethereum on 30 September 2026 (proxy 0xaca92e438df0b2401ff60da7e4337b687a2435da, block 26086369), where 0x251d2711ebeb0a09fdb8992f5506f3d949175246 holds the role
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Not published
Legal entity on file: Bridge (Stripe), placed in 2 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Bridge Open Issuance (Stripe): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category 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.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
9 methodology entries
- 30 September 2026Current verified snapshot · methodology 2026.10.18Score 64, #5 of 6. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
- 16 September 2026
2026.09.15Dimension scores carry tenths, and eleven more categories are re-read from primary sources · platform-wide- changed Dimension scores resolve to tenths of a point (O-04b), and weightedTotal is rounded to six decimal places before the order is read. 518 published scores move across 107 categories that were not re-read; none of them moves by more than 4 points, and most move by 1.
- fixed 66 published scores change in the eleven re-read categories, against a verbatim source each. The largest moves are Reflexer RAI (−16), Beefy and Unrekt (−11), Aztec (−10) and Golem (+9) — all of them rows whose sources had moved since their last read.
- changed Published order moves in 38 of 119 categories and three #1s change: smart_contract_audits (Zellic → Certora) and travel_rule_compliance (Sumsub Travel Rule → CodeVASP) on the finer resolution, kyc_compliance (Veriff → Sumsub) on the re-read.
- added availabilitySource (O-04g): for a reader who states a country, a row whose availability in that country rests on a region tag its record gives no source for sorts below every sourced row. It is inert in every order published here, which states no country.
Methodology 2026.10.18, the same published run every visitor sees · receipt stablecoin_issuance:bridge_open_issuance:2026.10.18:5ecdd02b6f08
Are you Bridge Open Issuance (Stripe)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.