Coinbase competes for Cloudflare deal to build an AI stablecoin

Coinbase is reportedly vying with other entities to secure a partnership with Cloudflare to develop a stablecoin tailored for AI transactions. This potential collaboration aims to solve the payment infrastructure problem for autonomous AI agents, which require near-instant, low-cost microtransactions that traditional rails like Visa or Mastercard cannot efficiently handle. Stablecoins, settling quickly on blockchain networks like Coinbase's Base L2, offer programmable, cheap payment solutions ideal for machine-to-machine commerce. A deal with Cloudflare, which services a significant portion of web traffic, would embed this payment standard directly into the infrastructure layer, giving Coinbase a major distribution advantage over competitors like Stripe and PayPal who are also entering the AI payments space. This move signals Coinbase's strategy to shift revenue reliance from cyclical exchange fees toward stickier infrastructure and payments.

(Source：Crypto Briefing)