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Google Adds Stablecoin Support to New AI Payment System, Partners with Coinbase and Ethereum

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Google introduced Tuesday that it has added stablecoin assist to its new fee framework, designed to enable seamless transactions between AI purposes.

According to a September 16 Fortune report, Google’s new AI fee protocol helps each stablecoins and typical fee strategies, together with credit score and debit playing cards.

For stablecoin integration, Fortune reported that Google partnered with crypto trade Coinbase, which operates its personal AI and crypto fee platform.

Google Stablecoin Support Set to Trigger a ‘Ground-Up’ Payment Shift

The tech big additionally labored with different blockchain firms, together with the Ethereum Foundation.

Beyond crypto partnerships, Google consulted over 60 organizations for different elements of the fee protocol, together with Salesforce, American Express, and Etsy.

“We constructed this from the bottom up to incorporate each legacy and current fee infrastructure capabilities alongside rising options like stablecoins,” James Tromans, head of Web3 at Google Cloud, informed Fortune.

Google acknowledged that the stablecoin integration initiative stemmed partly from the rise of AI “brokers.”

Tech trade leaders anticipate that AI methods will more and more work together instantly with different AI methods, eliminating human intermediaries in lots of transactions.

The newly launched fee protocol ensures that transactions between AI brokers stay protected, safe, and aligned with human intentions, in accordance to Tromans.

Google stands among the many extra vocal Big Tech firms expressing interest in stablecoins, one of the crucial energetic sectors in crypto and Silicon Valley, notably amid a extra crypto-friendly presidential administration within the U.S.

In June, Cryptonews reported that Apple, X, and Airbnb had been engaged in preliminary discussions with crypto companies about integrating stablecoins into their fee infrastructure.

The report indicated that Stripe, Worldpay, and different processors had been approached to present back-end assist for stablecoin settlements.

In August, Google Cloud was reportedly progressing within the growth of Layer-1 blockchain, the Google Cloud Universal Ledger (GCUL), designed for monetary establishments to assist tokenized property, settlements, and Python-based good contracts.

“Biggest Upgrade Since SWIFT”: Google Already Accepting Stablecoin Payments

Google Cloud currently accepts stablecoin payments from choose shoppers utilizing PayPal’s PYUSD, in accordance to Rich Widmann, head of Web3 technique at Google Cloud.

“Stablecoins symbolize in all probability one of the crucial essential fee upgrades because the SWIFT community,” mentioned Widmann.

A comprehensive report shared with Cryptonews exhibits that stablecoins can course of funds up to 13 instances cheaper than conventional banks whereas settling inside seconds.

The report positions them as a “new monetary working system” that eliminates intermediaries and transforms world worth trade.

Stablecoins are projected to deal with $1 trillion in annual fee quantity by 2030 and might represent 10% of the U.S. cash provide.

Google Adds Stablecoin Support to New AI Payment System, Partners with Coinbase and Ethereum
Source: McKinsey & Company

The stablecoin market has grown from $4 billion in 2020 to over $280 billion at the moment, with month-to-month settlement volumes reaching $1.39 trillion within the first half of 2025.

Major stablecoin issuers now rank seventeenth globally in U.S. Treasury holdings, exceeding nations like South Korea, Germany, and Saudi Arabia of their affect on authorities debt markets.

However, the Bank Policy Institute, joined by the American Bankers Association and different teams, is wanting to interrupt the stablecoin progress

The teams lately urged the U.S. Congress to strengthen GENIUS Act rules, warning that regulatory gaps might enable stablecoin issuers to provide yields that may set off $6.6 trillion in deposit outflows from conventional banks.

The banks contend that stablecoin yield applications might improve “deposit flight threat” throughout financial stress, leading to tighter credit score situations and larger borrowing prices.

However, Coinbase has published a detailed response to banking trade assertions, calling the “deposit erosion” narrative a “fantasy” designed to shield banks’ $187 billion annual fee processing income stream.

The firm argues that the majority stablecoin exercise happens internationally, strengthening the U.S. greenback’s world place with out materially impacting home deposits.

The publish Google Adds Stablecoin Support to New AI Payment System, Partners with Coinbase and Ethereum appeared first on Cryptonews.

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