Launching a Stablecoin: Become an Issuer or Partner With One?

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. A payments company wants merchants to settle invoices in a dollar stablecoin bearing its name. Before it chooses a blockchain or negotiates a fee per transaction, it should answer one question: When a merchant presents 100,000 tokens for redemption, which legal entity owes the dollars? If the payments company wants to make that promise itself, it should evaluate becoming a permitted payment stablecoin issuer. If its advantage lies in reaching merchants and integrating payments into their accounting systems, it may be better served by partnering with an issuer. Both models can put the company’s name on the product.

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