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Crypto DeFi

Mastercard Adopts x402 and USDC Agentic Payments on Base

Mastercard has adopted an agentic payment scheme built on x402 and USDC, settling transactions on the Base network, Base said. The arrangement uses the x402 payments protocol with USD Coin as the settlement asset. It marks a step toward machine-initiated payments running on public blockchain rails.

Original source

AI take

The significance here is less about Mastercard testing crypto and more about the settlement layer it chose: a public blockchain with a stablecoin as the unit of account, rather than a permissioned rail. That puts a card network's brand behind machine-to-machine payments, a use case where the payer is software, not a person — a category existing card infrastructure was never designed for. The parties most affected are payment processors and agent developers who now have a large-network precedent to build against. Whether other networks and stablecoins get comparable treatment is the open question.

Generated by AI for reference only.

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