Stablecoin Payment Standard x402 Processes $50M in Transactions; Major Platform Adds Solana-Base Integration

Source: CoinEdition Original Title: Coinbase Reveals $50M x402 Payment Growth and New Solana–Base Integration Original Link:

x402 Payment Standard Adoption Accelerating

Executives from a certain compliant platform report that adoption of the x402 payment standard is accelerating rapidly, with the system now processing over $50 million in transactions in the past 30 days. The update was shared by Alec Lovett, Head of Infrastructure Businesses at the platform, and later echoed by the company’s CEO.

“Crypto as a Service” for Banks and Startups

The platform is focusing on making crypto easy for companies to use by offering “crypto as a service” through its developer platform. This allows banks, fintech firms, payment companies, and startups to add crypto features without building everything from scratch. The platform already powers crypto products for major players, including startups, scaling fintechs, and large banks such as JPMorgan and PNC.

The company noted that stablecoin payments are gaining traction because they are faster, cheaper, and more global than traditional payment systems. Companies are now using stablecoins to pay vendors, freelancers, and employees, and to manage treasury operations more efficiently.

Custom-Branded Stablecoins

At the center of this push is x402, an open payment standard designed for the internet. The protocol allows stablecoin payment requests to be attached directly to web transactions. This makes it possible for websites, apps, and even AI agents to send and receive payments seamlessly using stablecoins.

The platform has announced that users can now create custom-branded stablecoins backed by USDC, offering a new option for businesses seeking to launch branded payment solutions.

Cross-Chain Support With Solana and Base

Simultaneously, the platform is expanding its cross-chain capabilities by adding support for Solana (SOL) deposits and withdrawals via the Base network, its Ethereum-aligned blockchain built for scalability and interoperability.

The update connects the Solana and Ethereum ecosystems directly, allowing users to move SOL between Solana and Base with fewer steps and lower risk. With the integration, SOL on Base functions as an ERC-20 compatible asset, meaning it can be used inside Ethereum-based decentralized applications.

Together, the rise of x402 payments and the Solana-Base connection demonstrate the platform’s broader strategy to expand crypto adoption across multiple blockchain networks and use cases.