The x402 Foundation already includes Google, Microsoft, and Amazon Web Services among its members. Payments companies Mastercard and Visa are also members, alongside crypto-native participants including Circle, Polygon Labs, and the Solana Foundation. Fireblocks' entry adds institutional infrastructure to the group's effort to standardize AI agent payments.
We saw smartcontracts, defi, NFTs, memecoins push blockchain/CryptoCurrency industry towards unprecedented heights in the past. But these narratives no longer attract interests like they used to do.
These days, it's ETF, IPO, AI + Blockchain, Stablecoins, AI Agents [across multiple usecases], On-chain perps and so on that are turning heads. With the market currently down from previous ATHs, what is the one feature/usecase/utility that can ignite the spark the market desperately needs to reach previous ATHs and probably higher?
> Extract from the article;
At the center of the proposal is a framework for automated financial infrastructure capable of supporting 24/7 agenticcommerce through blockchain networks. The proposal argues that as AI systems increasingly make purchasing decisions autonomously, blockchain's programmable and tamper-resistant properties make it well-suited to underpin those transactions.
As part of the agreement, Native Markets, the developer behind Hyperliquid-native stablecoin USDH, granted Coinbase the right to purchase USDH brand assets. USDH will remain fully backed during the transition period. Users can redeem it for USDC or fiat without fees through the USDH Dashboard before the product is phased out over time.
Dubai Finance has signed a memorandum of understanding with Crypto.com to enable residents and businesses to pay for government services using cryptocurrency, further solidifying Crypto.com's role as a government transaction processor beyond its traditional consumer trading platform.
The stablecoin market is currently valued at more than $317 billion, according to CoinGecko, with the largest stablecoins by market capitalization dominated by tokens pegged to the US dollar, most of which use US Treasury bills and US dollars as backing assets.
Blackrock has filed paperwork to debut two tokenized money-market funds on the Ethereum network, offering stablecoin holders a regulated, yield-bearing alternative to sitting in idle digital dollars.