Google Launches Open-Source Protocol for AI Stablecoin Payments

Google introduces an open-source protocol allowing AI applications to execute payments, including stablecoins pegged to fiat currencies like the U.S. dollar.
The development involves a partnership with Coinbase for integrating stablecoin payment systems.
Google collaborates with the Ethereum Foundation and over 60 organizations, such as Salesforce and American Express, to support traditional financial use cases.
This initiative extends Google's previous efforts to standardize "AI agents," which could autonomously perform complex tasks in the future.
The new protocol enhances agent-to-agent communication by adding financial transaction capabilities focused on security and interoperability.
The stablecoin market shows significant growth, with $289 billion in circulation, up from $205 billion earlier this year, reflecting increased investor interest.