Coinbase’s x402 protocol experienced a remarkable transaction increase, achieving 156,492 on October 25, 2023, reflecting a 492.63% weekly surge. This makes x402 a key player in shaping internet commerce and facilitating transactions using stablecoins.
Erik Reppel from Coinbase and Matthew Prince of Cloudflare support the protocol’s role in online commerce. Their insights highlight its value in adjusting to the demands of autonomous payments, especially using USDC, which remains stable at a trading price of 1.00 USD.
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