Coinbase Reveals $50M x402 Payment Surge as Stablecoins Gain Real-World Traction

• x402 payments cross $50M as stablecoins enter everyday business transactions
• Banks and fintech firms adopt Coinbase infrastructure for faster crypto payments
• Solana and Base integration expands real-world utility for stablecoin settlements

Coinbase has reported a notable increase in usage of its x402 payment standard, reflecting expanding stablecoin adoption. According to executives at Coinbase, the system processed more than $50 million in transactions during the past 30 days.

Alec Lovett, Head of Infrastructure Businesses at Coinbase, x402 adoption continues accelerating across online platforms. He shared the update publicly, emphasizing practical payment use rather than experimentation. The disclosure later gained wider attention after being echoed by Coinbase CEO Brian Armstrong.

This growth aligns with Coinbase’s broader focus on simplifying crypto integration for businesses. According to Lovett, Coinbase provides “crypto as a service” through its developer platform. Consequently, companies can add crypto payments and custody without building internal infrastructure.

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Banks and Startups Drive Stablecoin Payment Demand

Coinbase infrastructure already supports products for startups, scaling fintech firms, and traditional banks. These include large financial institutions such as JPMorgan and PNC. This institutional involvement highlights growing confidence in stablecoin settlement tools.

Additionally, stablecoins continue gaining traction for everyday business payments. Companies now use them to pay vendors, freelancers, and employees across borders. These transactions settle faster and reduce fees compared to legacy payment networks. Moreover, firms increasingly rely on stablecoins for treasury management and liquidity planning.

At the center of this activity sits x402, an open payment standard designed for internet-native transactions. According to Lovett, x402 allows payment requests to attach directly to web interactions. As a result, websites, applications, and automated agents can exchange value seamlessly.

Custom Stablecoins and Cross-Chain Access Expand Reach

Coinbase has paired x402 with custom-branded stablecoins backed by USDC. Businesses can now issue branded stablecoins using Coinbase infrastructure. Hence, companies can manage issuance, custody, and payments within one ecosystem.

Meanwhile, Coinbase continues strengthening cross-chain connectivity. Significantly, the exchange added support for Solana deposits and withdrawals through Base, its Ethereum-aligned network. This update allows users to move SOL between Solana and Base with fewer steps. Consequently, transaction risk and operational complexity decrease.

Under the integration, SOL on Base functions as an ERC-20 compatible asset. Therefore, users can deploy SOL within Ethereum-based decentralized applications. Together, the $50 million x402 payment surge and expanding interoperability highlight Coinbase’s focus on real-world stablecoin usage.

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