Stablecoins for x402
Digital assets with stable value used for x402 protocol transactions.
What is Stablecoins for x402?
Stablecoins for x402 are digital assets, such as USDC, pegged to stable fiat currencies (e.g., USD) to facilitate predictable transactions within the x402 protocol. These assets minimize volatility risks, making them ideal for micropayments and machine-to-machine transactions. For example, in Cloudflare’s x402 playground, Testnet USDC on the Base blockchain testnet is used to fund wallets for agent-driven payments, ensuring reliable and transparent value exchange without traditional banking infrastructure.
Related Terms
EIP (Ethereum Improvement Proposal)
A standardized process for proposing and implementing changes to the Ethereum protocol.
ERC-721
A standard for non-fungible tokens (NFTs) on Ethereum, representing unique digital assets.
Financial Inclusion
Access to affordable financial services for underserved populations via digital means.
Federal Open Market Committee (FOMC)
A 12-member committee within the Federal Reserve System responsible for setting U.S. monetary policy, including interest rates and open market operations.
AMM (Automated Market Maker)
A protocol that uses liquidity pools and algorithms to facilitate decentralized trading of digital assets.
Ethena USDe
A synthetic digital dollar stable asset on Ethereum, backed by hedged collateral to maintain a $1 peg while generating yield for holders.