Key Insights:
- COIN stock traded at $325.76 on Sept. 16 with weekly gains of 1.4%.
- Google has released an open-source AI payment protocol with stablecoin integration, facilitated by a partnership with Coinbase.
- Technical analysis suggested potential upward momentum with targets at $429.54 and higher levels.
Google launched an AI-powered payment protocol that incorporated stablecoin support through a strategic partnership with Coinbase (COIN). This development has sparked optimism over a potential COIN stock price rally towards the $430 resistance.
Fortune reported on Sept. 16 that the open-source protocol enabled AI applications to send and receive payments using traditional methods like credit cards alongside US dollar-pegged stablecoins.
Google collaborated with Coinbase to build stablecoin compatibility into the system, while also working with the Ethereum Foundation and more than 60 organizations, including Salesforce, American Express, and Etsy.
Google’s Web3 Integration Strategy
James Tromans, head of Web3 at Google Cloud, explained the company built the protocol “from the ground up to factor in both heritage and existing payment rail capabilities as well as forthcoming capabilities such as stablecoins.”
The launch represented Google’s most public embrace of cryptocurrency technology to date.
The payment system addressed the growing need for AI agents to conduct autonomous transactions.
These specialized AI algorithms, designed for specific tasks such as code writing or online shopping, require secure payment mechanisms to operate independently.
Google’s April protocol for agent-to-agent communication laid the groundwork for the new payment infrastructure.
Erik Reppel, head of engineering at Coinbase developer platform, confirmed the companies worked together to ensure interoperability between their payment schemes.
The partnership positioned both firms at the forefront of AI-enabled crypto payments as the sector anticipated an increase in autonomous transactions between artificial intelligence systems.
Market Response and COIN Stock Performance
Coinbase stock opened Sept. 16, trading at $325.76, down 0.4% from the previous close of $332.31.
Despite the daily decline, COIN stock maintained positive momentum with 1.4% gains across the five-day trading period.
The stock’s current valuation supported an $83.6 billion market capitalization for the crypto exchange.
The partnership announcement came amid broader interest in stablecoins from Big Tech.
Companies, including Apple, Airbnb, and Meta, are exploring stablecoin integrations following the more crypto-friendly regulatory environment.
Shopify announced plans to roll out stablecoin payments to users later in 2025, also in partnership with Coinbase.
Technical Analysis Points to Potential Upside for COIN Stock
Technical analysis from trading analyst The Great Mattsby suggested COIN stock is positioned for potential upward movement.
The analyst’s Sept. 15 chart analysis identified key price targets that could drive the stock higher in the coming sessions.
The technical setup showed Coinbase stock eyeing resistance levels around $429.54, with further targets at $680.00 and $873.88 based on Fibonacci extensions.
These levels represented significant upside potential from current trading ranges, particularly as institutional interest in crypto payments infrastructure continues to grow.
Coinbase’s position as Google’s primary stablecoin partner strengthened the exchange’s role in enterprise crypto adoption.
Further, it validates Coinbase’s technology infrastructure and positions the company to benefit from increased AI-driven transaction volume.
Industry Implications for AI Payments
Google’s entry into AI payment protocols signaled the maturation of autonomous transaction systems.
The integration of stablecoins alongside traditional payment methods created a comprehensive framework for AI agents to conduct business across different financial rails.
The protocol’s open-source nature encouraged widespread adoption among developers building AI applications.
This approach could accelerate the development of agent-to-agent commerce, where artificial intelligence systems negotiate and execute transactions without human intervention.
The success of Google’s protocol could influence similar initiatives across the technology sector, and Coinbase could benefit from a broader movement in this direction.
As a result, COIN stock might reflect fundamental developments as Coinbase positions itself as a key player in the emerging stablecoin payments ecosystem.
Source: https://www.thecoinrepublic.com/2025/09/16/coin-stock-targets-430-breakout-following-google-payment-collaboration-with-coinbase/
