Cloudflare Building a Stablecoin for AI Agent Payments
Coinbase and Zerohash are competing to issue Cloudflare's stablecoin, designed to power payments across the agentic web.
Cloudflare is entering the crypto arena with its own stablecoin, and the race to issue it is already heating up. Coinbase and Zerohash are among the companies jockeying for the role, according to sources familiar with the plans.
The stablecoin is set to launch this year with a very specific purpose: enabling payments for the so-called "agentic web" — the emerging ecosystem where AI agents autonomously transact on behalf of users and businesses.
Coinbase is reportedly moving aggressively to build out the underlying infrastructure that would let AI agents handle payments seamlessly. It's a bet that the next wave of internet commerce won't be driven by humans clicking buttons, but by autonomous software agents settling transactions at machine speed.
Cloudflare's push signals that major infrastructure players see crypto rails as essential plumbing for AI-native commerce.