Coinbase Teases Stablecoins To Power New AI-Driven Economy

Coinbase, a major U.S. cryptocurrency exchange, views stablecoins as crucial for a future where AI agents can autonomously handle financial transactions. Shan Aggarwal, Vice President of Corporate Development at Coinbase, states in a post on X that the exchange is working on developing the necessary tools to bring this vision to life. Stablecoin Comes With A Lot of Benefits As reported, Coinbase is developing new tools called x402 and AgentKit to help AI agents easily send, receive, and manage stablecoins. These tools support what Coinbase calls “agentic finance,” where software agents handle financial tasks for people or businesses. Aggarwal believes that in the future, people will use stablecoins in their everyday transactions without even realizing it. Notably, this idea signals a significant shift in how individuals use cryptocurrencies in their daily lives. While many digital currencies have specific uses, Coinbase believes stablecoins will play a significant role in transforming the market, particularly as AI becomes increasingly important in the economy. According to Aggarwal, the four primary uses of cryptocurrencies today are storing value, trading, staking, and utilizing stablecoins. Among these, he believes stablecoins have the best chance to grow quickly because they fit well with how people already use payments, while also being more efficient and flexible. Coinbase Vision For AI-Powered Future Recall that Coinbase partnered with Perplexity AI , a growing AI-powered search engine, to provide users and traders with real-time crypto data services. Similarly, Brian Armstrong, CEO of Coinbase, made a strong case for integrating AI into cryptocurrency wallets . Armstrong’s vision involves a future where large language models (LLMs), like OpenAI’s ChatGPT, incorporate wallets to enhance users’ execution of personal tasks. He maintained that this integration will see AI agents participate actively in the crypto-financial ecosystem. Likewise, Armstrong envisions a future where crypto trading, market trend evaluation, and financial decision-making are outsourced to AI. It is worth noting that Armstrong celebrated the first AI-to-AI transaction as a prelude to the current development. Application of AI in Crypto and Beyond The exchange CEO’s vision for integrating AI abilities into crypto would have widespread applications that could cut across other sectors . This involves deploying AI agents to facilitate all online and offline transactions and purchases. Meanwhile, billionaire entrepreneur Elon Musk recently denied claims by Telegram CEO Pavel Durov about a significant partnership involving xAI’s chatbot, Grok . Musk clarified that no official deal has been signed between his AI venture and the messaging platform. However, Durov confirmed that they were still working on the final details. The post Coinbase Teases Stablecoins To Power New AI-Driven Economy appeared first on TheCoinrise.com .

Source: The Coin Rise