Coinbase and Cloudflare launch x402 foundation to transform web-native payments for AI era 💸🤖; Stablecoin giant Tether eyes $500 billion valuation in massive fundraising round 😳💰

FinTech is Eating the World, 24 September

Hey Everyone,

Good morning & happy Wednesday! Today, we’re going to look into Coinbase and Cloudflare, which just launched the x402 foundation to transform web-native payments for the AI era (what it’s all about & why it could be huge, how it compares to Google’s AP2 + bonus deep dives into Coinbase, AP2 & more inside), and stablecoin giant Tether that’s now eying a whopping $500 billion valuation in a new fundraising round (is it justified, what does it tell us & what can we expect next + bonus dive into Tether’s new USAT stable & the ultimate list of stablecoin resources inside). So let’s just jump straight into the finnovative stuff 🌶️

Coinbase and Cloudflare launch x402 foundation to transform web-native payments for AI era 💸🤖

The news 🗞️ Coinbase COIN 0.00%↑ and Cloudflare NET 0.00%↑ have just established the x402 Foundation, marking a pivotal moment in the evolution of internet-native payment systems.

This independent governance body aims to standardize and advance the x402 protocol, which embeds payment capabilities directly into web interactions using the historically dormant HTTP 402 “Payment Required” status code.

Let’s take a look at this, understand the key details, and why it’s a big deal.