Google Adds Stablecoin Support to New AI Payment System, Partners with Coinbase and Ethereum

Core Insights - Google has integrated stablecoin support into its new payment framework, facilitating seamless transactions between AI applications [1][3] - The initiative is part of a broader trend where AI systems are expected to interact directly, reducing the need for human intermediaries in transactions [3][4] - Google has collaborated with various blockchain companies and consulted over 60 organizations, including major firms like Salesforce and American Express, to develop this payment protocol [2][4] Group 1 - The new payment protocol supports both stablecoins and traditional payment methods, including credit and debit cards [1] - Google partnered with Coinbase for stablecoin integration, leveraging its AI and crypto payment platform [1][2] - The stablecoin initiative is seen as a significant upgrade in payment systems, comparable to the introduction of the SWIFT network [7] Group 2 - Google Cloud is reportedly developing a Layer-1 blockchain, the Google Cloud Universal Ledger (GCUL), aimed at supporting tokenized assets and smart contracts [6] - The company is already accepting stablecoin payments from select clients using PayPal's PYUSD [7] - The interest in stablecoins is part of a larger trend among tech giants, with companies like Apple and Airbnb also exploring similar integrations [5]