Coinbase diving into AI agent payments, The Information reports

Crypto exchange Coinbase is moving fast to build the infrastructure that allows AI agents to make payments, seeking a lead in the nascent market that could become a battleground for payments companies, The Information’s Yueqi Yang reports. Coinbase (COIN) and Zerohash, a crypto infrastructure startup, are among the companies vying to issue a new stablecoin for Cloudflare (NET) that is set to launch this year, according to people familiar with the matter. The deal could put the winner’s stablecoin at the center of agent-based traffic because of Cloudflare’s critical role in managing web traffic and cybersecurity, the author notes.