- Coinbase is competing to issue a new stablecoin for Cloudflare, which is set to launch later this year, according to The Information.
- The company is aggressively pursuing AI payments and developing AI agents for trading as its core brokerage business struggles with a market downturn.
- Coinbase’s revenue fell 21% year-over-year in Q4 to about $1.8 billion, missing analyst estimates and adding pressure to its stock price.
Coinbase is reportedly vying to become the issuer of a new stablecoin for internet infrastructure giant Cloudflare, a strategic move into AI-powered payments as revealed by The Information. This potential partnership, set to launch this year, could position the winner’s stablecoin at the heart of web traffic managed by Cloudflare.
However, this bet on Artificial Intelligence comes at a challenging time for the exchange’s primary business. Consequently, Coinbase is also developing AI agents for executing trades, alongside a marketplace and wallets for these agents.
“It’s certainly one of our top priorities as a company,” said Coinbase Chief Business Officer Shan Aggarwal about agentic payments. He added that the company monetizes this infrastructure differently than its consumer brokerage, focusing on providing the tools agents use.
Meanwhile, the company’s financial performance reflects broader crypto market struggles. Shares have faced significant pressure following Bitcoin’s price decline and a surprising fourth-quarter loss.
Revenue in Q4 tumbled to about $1.8 billion, slightly below the $1.83 billion analysts expected according to data from Fiscal.ai. Retail sentiment around the stock has trended bearish, with shares falling 11% so far in 2026.
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