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Google Teams With Coinbase and Ethereum Foundation on Crypto-Ready Agent Payments Protocol

Google’s open-source protocol, built with Coinbase, Ethereum Foundation, and over 60 partners, enables AI agents to process instant cross-border payments with stablecoins like USDC, addressing compliance, interoperability, and security challenges.

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Summary

Google expanded its Agent Payments Protocol (AP2) with an open-source framework supporting both fiat and stablecoins, developed alongside Coinbase, Ethereum Foundation, Sui, and EigenCloud. The initiative enables AI agents to conduct instant cross-border transactions, with USDC providing low-cost programmable settlements. Over 60 organizations contributed to the standardization effort, tackling interoperability, regulatory compliance, and security. Partners like Sui and EigenCloud add programmable payment and verifiable execution features, reinforcing stablecoins as a foundation for AI-to-AI economies.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to the value of a stable asset like the US dollar, used to reduce volatility in digital transactions.
  • USDC: USD Coin, a widely used dollar-pegged stablecoin issued by Circle, offering fast and low-cost digital payments.
  • Cross-border transactions: Financial transfers between parties in different countries, often requiring specialized systems to reduce costs and improve speed.