X402基金会：Coinbase and Cloudflare革新Web交易

探索X402基金会与Coinbase合作如何开创机器到机器交易的新时代，并重塑了网络付款的未来。

Yo, what's up, tech enthusiasts! The digital landscape is about to get a major upgrade, and it involves the x402 Foundation, Coinbase, and a whole lotta transactions. Let's dive into how this power trio is changing the game.

哟，怎么了，技术爱好者！数字景观即将进行重大升级，它涉及X402基金会，Coinbase和整个Lotta交易。让我们深入了解这个动力三重奏是如何改变游戏的。

The x402 Foundation: Paving the Way for Machine-to-Machine Payments

X402基金会：为机器到机器支付铺平道路

Cloudflare and Coinbase have teamed up to create the x402 Foundation, aiming to standardize how machines exchange value on the web. Think of it as creating a common language for digital services to transact directly. No more human intervention needed!

Cloudflare和Coinbase已联手创建X402基金会，旨在标准化机器在网络上的交换价值。将其视为创建一种通用语言，以直接进行数字服务。不再需要人类干预！

Why x402 Matters

为什么x402很重要

Ever seen a 402 error code? It means "Payment Required," but it's often ignored due to a lack of standardization. The x402 protocol provides a clear, open framework for websites and automated agents to negotiate payments globally. Coinbase initially designed the x402 transaction flow to enable machines to pay for resources over HTTP.

曾经看过402错误代码吗？这意味着“需要付款”，但由于缺乏标准化，通常被忽略。 X402协议为网站和自动化代理提供了一个清晰的开放框架，以在全球范围内谈判付款。 Coinbase最初将X402交易流程设计为使计算机通过HTTP支付资源。

The x402 Transaction Flow

X402交易流量

1. A client tries to access a resource protected by x402.
2. The server responds with a 402 error, including payment instructions.
3. The client re-requests with a payment authorization header.
4. The payment facilitator verifies the payment and settles the transaction.
5. The server responds with the requested resource and payment confirmation.

This flow allows programmatic access to resources without needing accounts, subscriptions, or API keys. It’s like giving machines their own wallets and letting them handle business.

该流程允许对资源进行程序化访问，而无需帐户，订阅或API密钥。这就像给机器自己的钱包，让他们处理业务。

Use Cases: Beyond the Human Touch

用例：超越人类的感觉

x402 opens up a new world of possibilities:

X402打开了一个新的可能性世界：

• An assistant buying Halloween accessories from multiple merchants.
• An AI agent paying per browser rendering session.
• An autonomous stock trader making micropayments for real-time data.

Future versions might support credit cards and bank accounts, in addition to stablecoins, making it even more versatile.

未来版本除了稳定币外，还可能支持信用卡和银行帐户，从而使其更具通用性。

Cloudflare’s Pay Per Crawl: The Deferred Payment Scheme

Cloudflare的每次爬网薪水：递延付款计划

Cloudflare is proposing a deferred payment scheme for x402, designed for scenarios where immediate settlement isn't necessary. This allows agents and crawlers to crawl numerous pages and be charged a single fee at the end of the day.

CloudFlare正在为X402提出延期付款计划，该计划是为不需要立即解决的方案而设计的。这使代理商和爬网可以爬许多页面，并在一天结束时收取一次费用。

The Handshake Explained

握手解释了

1. The Server’s Offer: The server responds with a 402 error and a payment commitment payload.
2. The Client's Signed Commitment: The client re-sends the request with a signed payload containing their payment commitment.
3. Successful Response: The server validates the signature and returns the content with a confirmation header.
4. Payment Settlement: The server handles the settlement flexibly, using the validated ID as a reference.

This approach enables flexible use models without per-request overhead, allowing for subscriptions, daily roll-ups, or batch payments.

这种方法可以使灵活的使用模型无需每个要求的开销，从而可以进行订阅，每日卷起或批次付款。

Coinbase Prime: Caliber’s Digital Asset Treasury Strategy

Coinbase Prime：Caliber的数字资产国库策略

In September 2025, Caliber (NASDAQ: CWD) selected Coinbase Prime as its institutional platform for trading and custody, supporting Caliber’s Digital Asset Treasury (DAT) Strategy. Coinbase provides Caliber with deep liquidity and institutional-grade custody.

2025年9月，Calibre（NASDAQ：CWD）选择了Coinbase Prime作为其交易和监护权的机构平台，支持Caliber的数字资产国库（DAT）策略。 Coinbase为口径提供了深厚的流动性和机构级别的监护权。

Caliber is the first Nasdaq-listed company to adopt a treasury reserve policy centered on Chainlink’s Token (LINK), aiming for long-term holding and yield generation.

Calibre是第一家采用以Chainlink代币（Link）为中心的纳斯达克上市公司，旨在长期持有和产生产生。

Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, stated that Coinbase empowers institutions to scale crypto strategies with the security and compliance they demand.

Coinbase公司客户战略负责人Ryan Ballantyne表示，Coinbase赋予了机构以通过他们要求的安全性和合规性来扩展加密战略。

Stablecoins: The Future of Finance?

Stablecoins：金融的未来？

The stablecoin market is booming, with the total supply reaching $283.2 billion and the number of senders climbing to 25.2 million in 2025. Startups working on stablecoin projects raised $621.81 million in 2025, significantly higher than the $84 million raised in 2024.

Stablecoin市场正在蓬勃发展，总供应量达到2832亿美元，发件人的数量在2025年攀升至2520万。在Stablecoin项目上工作的初创公司在2025年筹集了6.2181亿美元，高于2024年筹集的8400万美元。

Global banks are also getting in on the action, with Citigroup, Wells Fargo, and Bank of America building their own digital currencies. JPMorgan has even confirmed the release of its JPMD coin on the Base blockchain.

全球银行也正在采取行动，花旗集团，富国银行和美国银行建立自己的数字货币。摩根大通甚至已经确认了其在基本区块链上的JPMD硬币的释放。

The Takeaway

外卖

The x402 Foundation, Coinbase, and the rise of stablecoins are creating a new paradigm for web transactions. From machine-to-machine payments to institutional adoption of digital assets, the financial landscape is evolving rapidly. It’s like watching a sci-fi movie unfold in real-time, and honestly, who wouldn't want to be a part of that?

X402基金会，Coinbase和Stablecoins的兴起正在为Web交易创建一个新的范式。从机器对机器的付款到机构采用数字资产，金融格局正在迅速发展。这就像看一部科幻电影实时展开，老实说，谁不想成为其中的一部分？

So, buckle up, stay curious, and keep an eye on these developments. The future of finance is here, and it's looking pretty darn exciting!

因此，扣紧，保持好奇，并密切关注这些发展。财务的未来就在这里，看起来令人兴奋！