Crypto Is The Money For AI, Says Economist As Coinbase CEO Teases Stablecoin-Powered Transactions Between Agents - Coinbase Global (NASDAQ:COIN)

Group 1 - Renowned economist Alex Tabbarok described cryptocurrencies as the "money" for artificial intelligence, highlighting the integration of Coinbase's x402 payment protocol with Google's Agentic Payments Protocol (AP2) [1][2] - The integration allows AI agents to execute tasks autonomously, such as making payments for services or microtasks, using USDC with a single tap, eliminating the need for card numbers or zip codes [3] - The tech industry is increasingly recognizing the synergy between AI and cryptocurrency, with investor Cathie Wood emphasizing their transformative potential in financial services [3] Group 2 - Coinbase, led by CEO Brian Armstrong, is pursuing an ambitious AI strategy, aiming to have over 50% of its code generated by AI within the next month, and is encouraging employees to adopt large language models [4] - Coinbase shares experienced a slight decline, down 0.39% in pre-market trading after closing 0.27% lower at $327.91 during the previous trading session [5]