According to Bitcoin.com News, Coinbase CEO Brian Armstrong stated on July 28 that artificial intelligence will make cryptocurrency more important rather than obsolete. AI agents will rely on stablecoins and blockchain networks for payments, trading, and financial services, with Armstrong noting that daily transaction volumes completed by AI agents could eventually exceed all human transactions combined.
Coinbase is positioning USDC, its Base blockchain, and the x402 payment protocol as core infrastructure for this market. The company recently launched AI agent payment functionality through Coinbase Business, allowing software to process payments via machine-readable requests. Armstrong described this strategy as a "high conviction bet" and referred to it as "AiFi" (AI Finance).