Coinbase has launched the x402 protocol, a new system designed to integrate stablecoin payments into web requests, as announced by CEO Brian Armstrong on November 2. The protocol leverages the HTTP 402 status code and has already facilitated over 932,000 transactions within a week, marking a 34,300% increase in related activity.
Key contributors to the x402 protocol include BNB Chain and Circle, with the integration of USDC expected to significantly enhance online money transfers. This development positions Coinbase at the forefront of transforming digital payment systems by embedding stablecoin transactions directly into web interactions.
Coinbase Unveils x402 Protocol for Stablecoin Web Payments
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