Base: x402 protocol sees over $100M in Q1 stablecoin payments

Base, the Layer 1 blockchain from the largest U.S. crypto exchange Coinbase, announced via its official X account that cumulative stablecoin payment volume within the x402 protocol surpassed $100 million in the first quarter. The x402 protocol is a Coinbase-led project that aims to be an open standard for AI payments, supporting transactions between AI agents. Base added that over 90% of on-chain stablecoin transactions by AI agents take place on its network.