Mastercard Taps Coinbase for AI Agent Payments with Stablecoin Support
COIN•Mastercard integrated Coinbase into its new Agent Pay for Machines system alongside Ripple and OKX, enabling stablecoin settlements for high-frequency, low-value AI-driven transactions. Coinbase gains market share in a bearish crypto regime while Kalshi surpasses $1 billion in perps volume after one week, intensifying competition before Coinbase’s rollout.
1. Mastercard Integrates Coinbase into AI Agent Payments
Mastercard launched Agent Pay for Machines to enable autonomous software agents to execute high-frequency, low-value transactions across cards, bank accounts and stablecoins, naming Coinbase among over 30 infrastructure partners including Ripple, OKX and Polygon for routing and settlement.
2. Coinbase Sees Market Share Growth
Coinbase has increased its market share in the current bearish crypto environment, drawing trading volumes and user sign-ups even as Bitcoin and major tokens experience price declines.
3. Perpetual Futures Competition Heats Up
Kalshi has reached over $1 billion in perpetual futures volume within one week of its launch, while Coinbase holds regulatory approval but has yet to introduce its own perps product, setting the stage for heightened derivatives competition.
