The news: Coinbase debuted Payments MCP so that AI agents can access on-chain wallets, blockchain onramps, and stablecoin payments, per a blog post.

Why this matters: Coinbase is making investments to become the dominant crypto payment rail in the post-GENIUS Act landscape. As stablecoin and agentic payments enter the mainstream, consumers will be looking for the most convenient rail to run both.

Crypto on the rise: Multiple payment players are getting in the ring to facilitate stablecoin and crypto wallet-powered payments.

Tepid consumer interest: While crypto companies and crypto enablement surge in the payments sphere, consumer interest isn’t keeping pace. According to the Federal Reserve Bank of Kansas City, crypto payment adoption…