Coinbase is becoming the official treasury deployer of USDC on Hyperliquid, managing USDC reserves and sharing yield with the Hyperliquid ecosystem. Circle will handle the technical side, using CCTP to facilitate cross-chain transfers of USDC. USDC will effectively replace USDH as the de facto settlement currency and official quote asset on Hyperliquid, where USDC balances already sit at roughly $5 billion.

USDH markets will remain functional but sunset over time, with feeless conversions to USDC and fiat redemptions available during the wind-down. Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. Coinbase has also increased its staked HYPE position as part of the transition, deepening its alignment with the Hyperliquid network as USDC consolidates its role across onchain capital markets.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

AWS launched Amazon Bedrock AgentCore Payments, a new set of features that enables AI agents to autonomously transact using the x402 protocol. The feature is built with Coinbase and Stripe and is currently in preview. The first supported use case enables agents to make instant micropayments to access APIs, MCP servers, web content, and other agents.

Developers enable AgentCore Payments through the AgentCore SDK or console and choose between a Coinbase wallet or a Stripe Privy wallet as the payment connection. End users fund wallets through stablecoins or fiat via debit card and must explicitly authorize the agent to access the wallet. Spending limits are enforced per session, keeping each execution within a defined budget. Under the hood, the payment flow uses x402, an open HTTP-native payment standard that triggers when an agent receives an HTTP 402 "Payment Required" response, executes a stablecoin payment, and attaches proof of payment within the execution loop.

AWS is also making the Coinbase x402 Bazaar MCP server available through AgentCore Gateway, providing a curated list of x402 endpoints that agents can discover and pay for autonomously. Heurist AI is among the early adopters, building a research agent that performs financial analysis using AgentCore Payments. The launch follows growing momentum around x402 and onchain agent commerce, including standards like ERC-8004 for trustless agents.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

Centrifuge launched deSPXA on Base, its tokenized version of the Anemoy S&P 500 fund (SPXA). SPXA is a fund that tracks the S&P 500 index, managed by Janus Henderson and benchmarked using S&P Dow Jones Indices. The launch brings tokenized exposure to the S&P 500 on Base for non-U.S. users with 24/7 settlement.

deSPXA is the first product under Centrifuge's deRWA framework, a structure for enabling tokenized real-world assets across DeFi protocols. Coinbase also named Centrifuge as a preferred tokenization infrastructure partner with Coinbase Ventures, making a strategic investment in the RWA company.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created