u/0xangle

Another stablecoin has joined Base: CADD, a Canadian dollar backed stablecoin.

What makes CADD notable is that, unlike many other stablecoins on Base, it is not pegged to the US dollar. Instead, CADD is designed to track the Canadian dollar at a 1:1 ratio and is issued through a regulated financial institution structure, with reserves held in trust by Tetra Trust.

For those unfamiliar with stablecoins, the key takeaway is that stablecoins are no longer limited to the US dollar. As more local-currency stablecoins move onchain, networks such as Base can support payments, settlement, and app activity that more closely reflect the currencies people use in everyday life.

It is still early, and adoption matters more than the announcement itself. Still, the arrival of a regulated CAD stablecoin on Base is another sign that onchain finance is gradually moving beyond speculation and closer to everyday payment infrastructure.

With the new integration of Coinbase’s x402 discovery layer and wallet infrastructure into Amazon Bedrock AgentCore Payments, AWS are now able to create agents that will be able to autonomously discover services, procure them in USDC, and perform any necessary tasks without the need of a human to do any subscription management, checkout flows, or any form of manual tasks.

This is interesting, as this is the first native crypto component that is completely hosted in AWS, and still retains enterprise-specific requirements like:

- spending limits

- approval workflows

- transaction audits

- compliance checks

- automated wallet management that keeps the agents separate from the private environments

All Base and Solana transactions get settled in Base, and the Base settlement layer will process Base transactions in roughly 200 milliseconds at a cost of less than 1 cent for a settle.

While Base still lacks other Consumer and Utility applications, this is the beginning of a new Base adoption phase that is different than any other phase, as now Agentic Commerce infrastructure will be live to perform transactions.

We are still in the early phases, however, with the support for payments in this new manner, Amazon Agent Payments will be much more practical than we previously thought.

This past week, Base seemed to reflect a notable directional change, rather than just an ordinary set of updates.

On the one hand, there’s Visa, which seems to be the most recent (and one of the earliest) insights into how Base is likely the first to settle/processing of stablecoins to Base.

On the other, there’s an avalanche of initiations: AI, trading, prediction markets, novel consumer activities, and creator funding activities.

The focus of Base seems to be moving away from any singular use case

The focus of payments is intensified

The focus of trading is more robust

The focus of AI seems omnipresent

The focus of consumer engagements is more novel

All these focuses are contemporaneous.

Base is moving away from being a strictly consumer payments chain.

Base seems to be pointing towards becoming a chain of many lines of onchain consumer activities.

All the changes are rapid, novel, and in stark contrast to previous months.

Chiliz is expanding to Base, introducing fan tokens tied to major clubs such as Manchester City, FC Barcelona, and Juventus.

The move comes ahead of major global sporting events and broadens access to sports-related digital assets within the Base ecosystem.

Chiliz’s expansion signals continued growth beyond DeFi, as Base attracts more consumer-facing and community-driven use cases.