Google has announced a groundbreaking open-source payment protocol designed to enable AI applications to send and receive payments, including stablecoins. This initiative marks a significant step in integrating cryptocurrencies into the growing AI-driven digital economy.
Collaboration with major players
The AI payment protocol is developed in partnership with industry giants such as Salesforce, American Express, and 60 other companies, according to Fortune. The stablecoin functionality was specifically developed with the support of Coinbase, while the Ethereum Foundation also provided input on the project.
James Tromans, head of Web3 at Google Cloud, confirmed the initiative, stating that the protocol was designed to integrate both existing payment systems and upcoming solutions, like stablecoins. This marks a further step in connecting the rapidly expanding world of AI with decentralized finance (DeFi) solutions.
Expanding AI and stablecoin integration
Coinbase engineer Erik Reppel added that their collaboration with Google was focused on making their systems more interoperable, ensuring smooth value transfers between AI applications. The development of this payment system is part of Google’s larger effort to drive AI adoption, following the launch of its Agent2Agent Protocol in April, which enables AI agents to exchange information more effectively.
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Stablecoin integration is gaining traction as a key element in AI use cases, especially with increasing regulatory clarity around cryptocurrencies, particularly in the United States under the GENIUS Act. Notably, Galaxy Digital’s CEO, Mike Novogratz, has emphasized stablecoins’ potential, predicting that AI agents will become the biggest users of stablecoins in the future.