Google launches AI payments protocol with stablecoin support, partners with Coinbase

Group 1 - Google has launched a new open-source payment system designed to facilitate money transfers for AI applications, incorporating payment options such as credit cards, debit cards, and stablecoins [1][2] - The payment system was developed in collaboration with Coinbase, the Ethereum Foundation, and over 60 other companies, including American Express and Salesforce [1][2] - The system is built to support both traditional payment methods and emerging technologies like stablecoins, ensuring interoperability with Coinbase's payment mechanisms [2] Group 2 - The launch of the payment system follows a communications protocol introduced by Google in April, aimed at enabling AI agents to communicate and transfer funds securely [3] - The GENIUS Act has created a favorable regulatory environment for stablecoins in the U.S., prompting increased interest from major tech companies [4] - The stablecoin market is projected to grow significantly, with estimates suggesting a market cap of $1.2 trillion by the end of 2028 and over $400 billion by the end of 2025 [6]