Amazon.com IncImpact on stocks 6
Coinbase Global IncCoinbase CEO highlights its AI-agent payment stack (Base, USDC, X402 protocol) as new financial infrastructure for the agentic economy.
Circle Internet Group, Inc.
Coinbase CEO Brian Armstrong said AI agents will need their own financial infrastructure, telling Scott Melker that the company has built a set of tools for the agentic economy. Armstrong said the existing payment rails are sometimes not sufficient for AI because agents want to move very fast, make payments globally, and in some cases transact in very small amounts. The stack includes the Base blockchain, the USDC stablecoin that Coinbase co-created with Circle, and the X402 protocol, which Coinbase created and which is now under the Linux Foundation in collaboration with Google, AWS, CloudFlare and others. He said X402 allows agents to pay each other in real time instantly all over the world, even in very small transaction amounts like a couple of cents at a time, which traditional payment rails do not really support. Armstrong also said Coinbase has been able to bring perpetual futures products to the US under this administration, calling them a pretty killer app in the trading world, and that he expects a future not too far off in which more agents transact in the economy than humans.
Coinbase Global IncCoinbase CEO highlights its AI-agent payment stack (Base, USDC, X402 protocol) as new financial infrastructure for the agentic economy.
Circle Internet Group, Inc.