Coinbase (COIN) is vying for a coveted deal with Cloudflare (NET) to launch a stablecoin that could be at the center of agent-based traffic, The Information reports

Coinbase's interest in a partnership with Cloudflare to develop a stablecoin indicates a strategic move towards enhancing its infrastructure in the digital asset space. If successful, this deal could position them at the forefront of agent-based transaction traffic, potentially driving innovation and increasing user engagement in their offerings. Watch for implications on Coinbase’s competitive edge and broader market reception in the crypto ecosystem.