The article discusses x402, an open payment protocol by Coinbase that enables instant stablecoin transactions using the previously unused HTTP 402 code. This protocol allows websites, APIs, and AI agents to process payments without intermediaries, making microtransactions feasible and efficient.

Tempo, a blockchain focused on payments and backed by Stripe and Paradigm, has launched its public testnet. The platform aims to provide instant settlement and low fees, and has gained partnerships with firms like Mastercard and UBS. Tempo recently raised $500 million in a Series A funding round, boosting its valuation to $5 billion.

Cross River Bank has introduced a platform that combines stablecoin and fiat transactions in one system, allowing companies to move money efficiently across different networks. This service aims to simplify operations and enhance compliance for fintechs and businesses dealing with digital assets.

SoFi Bank has introduced SoFiUSD, a U.S. dollar stablecoin fully backed by cash at the Federal Reserve. Initially for internal use, it aims to streamline payments for banks and fintechs and offers potential for partners to create their own stablecoins.

Stripe has launched subscription capabilities for stablecoin payments, allowing businesses to accept crypto payments that settle directly in fiat. This new feature aims to streamline cross-border transactions and reduce costs for companies, particularly in the AI sector, by integrating stablecoin payments into their existing subscription models. Initially available in private preview for US-based businesses, it supports payments made in USDC over the Base and Polygon blockchains.

Stripe has enhanced its payment platform by adding support for stablecoin subscription payments, allowing US-based businesses to process recurring transactions using digital assets like USDC. This feature, powered by a smart contract system, streamlines the payment process and addresses limitations associated with manual transaction approvals, ultimately reducing costs and improving efficiency for companies, especially in the AI sector.

PayPal is set to expand the utility of its stablecoin, PYUSD, by integrating it into the Stellar blockchain network, pending regulatory approval. This integration aims to enhance fast and affordable payments, remittances, and access to financing for small and medium-sized businesses through the use of PYUSD.