News linked to both this project and an event.
Odaily News, Coinbase stated on the X platform that the financial layer emerging around AI agents is called agentic finance, namely AiFi, covering agent transactions and agent commerce. AI agents can research information, make decisions, and execute actions on behalf of individuals and businesses, while also needing to perform fundamental financial activities such as making payments, receiving funds, storing value, and transferring money. Coinbase stated that it is building tools for AI agents to enable them to continuously execute financial operations within preset goals, permissions, limits, and security boundaries.Coinbase stated that Coinbase Advisor, Coinbase for Agents, x402, and Coinbase Business have formed the AiFi infrastructure. Coinbase Advisor is an SEC-registered investment advisor integrated into the app for Coinbase One users, providing portfolio analysis and guidance through a chat interface. Coinbase for Agents connects tools such as Claude, ChatGPT, and Cursor to Coinbase accounts via MCP, allowing users to set operating conditions and security boundaries for agents, as well as create separate sandbox accounts for agent use.Coinbase stated that x402 is an open payment standard initiated by Coinbase and now managed by an independent foundation, supporting AI agents in paying fees to other agents, applications, and services. To date, x402 has processed over 205 million transactions with a volume of $53 million, covering 200,000 sellers, with Coinbase facilitating 67% of this activity. Individual payments can be used for API calls, datasets, research materials, or computing resources.Coinbase stated that Coinbase Business supports enterprises in natively receiving USDC payments from AI agents, while Coinbiz helps merchants sell services and content to software without relying on card credentials, manual invoicing, or payment processes designed around human customers. Eligible businesses can earn a floating 3.35% reward on idle USDC balances. USDC currently accounts for 99% of on-chain agent commerce transactions, x402 accounts for 97% of agent finance protocol usage, and the related activities run on Base.
Odaily News: Uniswap founder Hayden said in a post on X that he cannot ignore the theory of correlation trading pairs when observing various things, and noticed that the second-largest Uniswap pool on Base is the Jito staked SOL/BTC trading pair, which aligns with the logic of correlation trading pairs.In an article titled "Correlation Trading Pairs: How AMMs Win the Biggest Markets," Hayden stated that AMMs have the potential to become the core engine of all financial markets, and tokenization will make markets programmable, changing market types, market makers, and the assets being traded.He said Uniswap has been operating autonomously since its launch in 2018, with cumulative trading volume exceeding $4.6 trillion, and has helped increase the proportion of decentralized exchanges relative to centralized spot trading volume from less than 1% to over 20%. As AMMs have developed, their liquidity has gradually formed a structure of correlation trading pairs.He pointed out that AMMs initially achieved product-market fit in the long-tail asset market, and then stablecoin trading pairs developed. Due to the lower capital costs of passive strategies, the demand for professional market making in stablecoin trading pairs has been squeezed.Hayden said traditional financial markets are dominated by market-making firms that integrate capital, trading strategies, execution technology, settlement, and distribution into a single vertical business. Citadel Securities handles approximately 25% of US stock trading volume, with net trading revenue reaching $12.2 billion last year and trading capital of approximately $21 billion.He believes blockchain can unbundle the different components of traditional market-making businesses: code handles execution, shared services provide custody and settlement, and open-source software replaces proprietary infrastructure. The scarce factor of capital in AMMs is capital itself, and participants who can hold inventory at lower costs gain an advantage.Hayden said liquidity providers face lower inventory risk when holding assets with similar price movements, and liquidity will deepen as a result. Ethereum ecosystem assets typically trade against ETH, Solana ecosystem assets typically trade against SOL, stablecoins trade in pairs with each other, and a few high-liquidity trading pairs are responsible for connecting different asset clusters.He noted that once tokenized assets share the same settlement layer, any asset can trade directly against any other asset. For example, NVIDIA/USD can become NVIDIA/SPY and connect to the dollar through SPY/USD; oil companies can trade against oil ETFs or tokenized oil, and private credit can trade against tokenized US Treasury funds.Hayden said traditional market makers typically pursue delta neutrality, reducing risk by denominating in USD and hedging non-USD exposure, which increases market-making costs. A market structure consisting of low-volatility correlation trading pairs and a few high-
According to Yonhap News Agency, South Korean crypto asset custodian BDACS will partner with Devall Company, the operator of the accounts receivable management service "Cheonggus," to build a stablecoin-based B2B cross-border payment and settlement infrastructure. The initiative will enable exporting companies to send invoices through Cheonggus, allowing overseas buyers to settle using stablecoins such as USDT and USDC. BDACS will subsequently handle asset custody and convert the funds into Korean won for settlement. Both parties also plan to explore integrating payment and settlement data into enterprise ERP systems to automate accounting processes.
Pump.fun announced that its application now supports HyperEVM, enabling users to trade any HyperEVM token using USDC while earning referral rewards and enjoying a near-zero fee trading experience. Pump.fun stated that it is the first application to bring HyperEVM into this trading scenario.
Odaily News: Coinbase Chief Policy Officer Faryar Shirzad has written an article rebutting the American Bankers Association's concerns about stablecoin rewards, stating that existing data does not support the claim that stablecoin platforms paying rewards will lead to deposit outflows from community banks and weaken local credit. Current law already permits such rewards, and Coinbase has been paying rewards to USDC users for over four years. Faryar Shirzad noted that from June 2019 to March 2026, community bank deposits grew by 26%, an increase of approximately $482 billion; research by Charles River Associates and the Council of Economic Advisers similarly found no significant relationship between stablecoins and bank deposits. The modification the American Bankers Association is requesting does not concern technical details in the CLARITY Act. The current text prohibits users from receiving returns solely for holding idle funds, but allows rewards for genuine activity; the amendment proposed by the American Bankers Association could expand restrictions to ordinary stablecoin use cases, and leave questions such as whether merchant rebates constitute bank interest to be decided by regulators and litigation. Faryar Shirzad calls for maintaining the existing compromise and passing the CLARITY Act, stating that the bill would grant banks new authorities in custody, staking, lending, payments, clearing, and market making.
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.
Odaily News: The stablecoin supply on the Sui network is currently approximately $478 million, about 69% lower than the peak of $1.6 billion in May 2025, and has remained near this level for several consecutive months.Mysten Labs, the company responsible for Sui's core development, introduced protocol-level adjustments in May, reducing stablecoin transfer fees to zero and eliminating the requirement to hold the native token SUI when making transfers. This feature supports seven stablecoins: USDC, USDsui, SuiUSDe, AUSD, FDUSD, USDB, and USDY.Since June 10, the Sui network has processed over $65 billion in zero-fee stablecoin transfers, with cumulative stablecoin trading volume exceeding $2.27 trillion since the beginning of 2024, and transaction count reaching 16 billion. (Bitcoin.com News)
Binance announced that it will list the USDC/ARS, ACE/USDC, and PUMP/U spot trading pairs on August 26, 2026, at 16:00 UTC+8, and will simultaneously enable algorithmic order trading bot services for these spot trading pairs.
Odaily News – Pharos Network has announced the launch of the pRNH Vault, powered by the R25 protocol, offering eligible users an on-chain channel to invest in US high-yield corporate bonds.The Vault's underlying assets are connected to the NYLIM Anemoy US High-Yield Corporate Bond Independent Portfolio (HYB), co-initiated by NYLIM and Anemoy, with tokenization technology provided by Centrifuge. Users can deposit USDC into Pharos and exchange it for pRNH tokens via R25, gaining indirect exposure to HYB assets.The Vault targets a scale of $100 million, with an estimated annualized yield of approximately 7%. It imposes no hard lock-up period and incorporates agent-assisted features covering credit screening and liquidity monitoring within its architecture.
Odaily News - Investment manager Lawrence Lepard, author of The Big Print, stated that even if the CLARITY Act (Digital Asset Market Clarity Act) passes the Senate with 60 votes, stablecoin demand will not be sufficient to improve the current state of the U.S. Treasury market.He noted that the current stablecoin market cap stands at approximately $255 billion, primarily backed by U.S. Treasuries purchased by Circle and Tether, down from $263 billion in January. The U.S. Treasury needs to roll over more than $8 trillion in debt annually, with stablecoins covering only about 3% of that amount.In 2025, the share of U.S. debt held by foreign entities has dropped to 32%, down from 57% after the financial crisis. Coinbase Chief Policy Officer Faryar Shirzad stated that dollar-backed stablecoins could convert overseas demand for digital dollars into demand for U.S. Treasuries. (Bitcoin.com News)
Odaily News: Coinbase announced on platform X that users can hold USDC on Coinbase and enable the relevant feature to earn rewards in Bitcoin, distributed weekly. Coinbase One users can now enjoy a 6.5% reward for one month.
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
Odaily News: Brian Armstrong posted on X platform stating that another feature for AI agents has been launched. The first use case is Travala, where users can use common large language models to book over 2 million properties on Base using USDC. He expressed excitement to see more enterprises building on this foundation with AWS AgentCore and opening their services to the newest and fastest-growing consumer segment.
: Base announced the launch of the Batches 004 accelerator program, which will select 10 startups over an 8-week program, with each receiving $100,000 in investment funded by the Base Ecosystem Fund. Applications close on September 9, and the program will hold Demo Day in New York in November. This round is aimed at pre-seed startups focused on trading, payments, funding, and AI agents, covering products that use stablecoins to support agent shopping, trading, and payments, as well as lending, e-commerce, and decentralized AI infrastructure. Teams may support multiple blockchains but must have Base as their primary network. Selected teams will receive dedicated advisors, weekly support, and exposure assistance within the Base ecosystem, and will present their projects to investors at Demo Day. Coinbase launched Agentic Wallets on Base in February and Coinbase for Agents in June, which respectively enable AI agents to hold USDC and pay via the x402 protocol, and to directly connect to user accounts. (Decrypt)
: Asset tokenization platform Centrifuge has announced its integration with Liquid Lane, a liquidity network launched by Symbiotic, to provide on-chain liquidity support for three of its tokenized funds, covering fund products with approximately $1.6 billion in assets under management.The integration involves Janus Henderson's JAAA (AAA-rated collateralized loan obligation strategy fund), JTRSY (short-term U.S. Treasury strategy fund), and NYLIM's HYB (U.S. high-yield corporate bond fund). Through Symbiotic Liquid Lane, eligible fund holders can exchange their fund tokens for USDC via an on-chain request-for-quote (RFQ) market, enabling instant liquidity. This mechanism allows market makers to draw funds from liquidity vaults to meet investor redemption demands, and subsequently redeem fund tokens through the issuer or sell them in other RFQ transactions.Centrifuge stated that this solution separates investors' instant access to USDC liquidity from the traditional fund redemption process, making tokenized funds more adaptable to the trading demands of on-chain financial markets. (Cointelegraph)
Coinbase announced that Brazilian users can now directly buy and sell USDC using Brazilian Real on the Coinbase Advanced platform. This feature reduces intermediate steps in the trading process and lowers the cost of acquiring USDC via Brazilian Real by 85%. Coinbase stated that stablecoins are becoming an important component of the global financial system, with global stablecoin settlement volume exceeding $30 trillion in 2025 and Coinbase's annual stablecoin settlement volume approaching $1 trillion.
Odaily News: Cryptocurrency exchange Coinbase's x402 payment protocol has processed approximately 14 million AI agent transfers over the past 30 days, with the Base network handling 7.3 million transfers and the Polygon network processing 5.6 million. USDC covers nearly all of these transfers. x402 utilizes the HTTP 402 "Payment Required" mechanism, enabling software to automatically request and complete payments. Coinbase has expanded its related payment services to the Base, Solana, and Polygon networks, supporting USDC as the settlement asset. In July, Coinbase launched Coinbase Business, allowing enterprises to directly receive USDC payments from AI agents, with support for payment collection, reconciliation, and withdrawals. Coinbase has described agent payments as one of its "high-conviction bets." (Bitcoin.com News)
According to BeInCrypto, a field research report recently released by the Bank of Italy shows that stablecoins do not possess a systemic cost advantage in cross-border remittances. Researchers tested USDC transfers of $200 through 10 actual remittance corridors, covering routes between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to nearly 9%, showing a significant disparity. The study found that on-chain transfers themselves accounted for an average of only 0.4% of the total cost; what truly drove up fees were steps still reliant on banks and exchanges, such as funding, currency conversion, and withdrawal. Taking the UAE-to-Italy corridor as an example, where bank transfers were unavailable and credit card funding was forced, fees alone reached as high as 3.8%. Meanwhile, transfer speeds also differed significantly due to variations in destination payment infrastructure. Instant payment systems like Brazil's Pix could complete settlement within 20 minutes, while South Africa required 1 to 2 business days, no different from traditional bank wire transfers. The report pointed out that stablecoins currently still heavily rely on the banking system they attempt to replace, and the narrative that "stablecoins are quietly replacing traditional payment rails" remains unsubstantiated.