BeInCrypto Institutional Research: 10 Firms Powering Autonomous Agentic Payments

Agentic Finance, Institutional, Stablecoins Agent Infrastructure, Agentic Payments, Autonomous Agents, BeInCrypto Institutional 100, On-Chain Finance, Stablecoin, USDC, x402 Protocol

Best Autonomous Agentic Payments Platform is a category within the BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence across 26 categories and six pillars.

This category sits under Pillar 4: Tokenization & On-Chain Finance. The 10 firms below are listed alphabetically and are not ranked. A shortlist will be named in May 2026, with the winner announced at Proof of Talk in Paris on June 2–3, 2026.

Key Facts

Long list: 10 firms across stablecoin agent stacks, x402 protocol ecosystems, full-stack agent payment platforms, agent identity standards, settlement layers, agentic onramps, and network-level payment rails
Initial pool: More than 30 firms screened; 10 advanced to the primary long list
Order: Listed alphabetically, not ranked
Scoring: 30% quantitative data · 50% Expert Council · 20% disclosed company data
Criteria assessed: Agentic transaction volume, agent integration depth, programmability, developer adoption, security and compliance, funding and viability, innovation signal
Eligibility: Each firm must have a verifiable AI-agentic product, program, fund, standard, or pilot live or announced during the award window

Firm	HQ	Agentic Platform / Sub-Segment	Reach	Representative Work
Ant Digital Technologies	Hangzhou, China	Agent-to-agent economy infrastructure platform	Anvita platform: Anvita TaaS and Anvita Flow Supports x402 payments, Agent Store modules, OpenClaw, and Claude Code	Anvita launched Mar 31, 2026 at Real Up Cannes USDC integration with Circle in progress; stablecoin licences pending in Hong Kong, Singapore, and Luxembourg
Circle Internet Group	New York, USA	Stablecoin issuer Agent Stack on USDC rails	USDC settles 99.8% of x402 agentic payments Live on 11 EVM chains; Agent Marketplace launched with 500+ endpoints	Circle Agent Stack launched May 11, 2026 Includes CLI, Agent Wallets, Marketplace, Nanopayments, and Circle Skills
Coinbase	San Francisco, USA	x402 protocol layer and AgentKit developer ecosystem	About 69,000 active AI agents on x402 167M+ transactions and $50M volume as of Apr 21, 2026	x402 V2 launched Dec 2025 under Linux Foundation umbrella Selected protocol layer for Amazon Bedrock AgentCore Payments
Crossmint	New York, USA	Full-stack agent payment platform	About $23.6M raised 40,000+ companies and developers; live across 40+ blockchains	Smart contract wallets across EVM, Solana, and Stellar Virtual Visa and Mastercard cards for agents with spending caps
Ethereum Foundation (dAI Team)	Zug, Switzerland	Standards body for AI agent on-chain identity	Dedicated AI initiative launched Sept 15, 2025 Two-track mandate: AI Economy on Ethereum and Decentralized AI Stack	ERC-8004 finalized at Devconnect Buenos Aires Creates on-chain identity and reputation layer for AI agents
Mesh	San Francisco, USA	Settlement layer for agentic commerce	$75M round in Jan 2026 at $1B valuation 400M users via partners across 100+ countries	Integrates Google AP2 for natural-language agent purchases Visa Intelligent Commerce Connect launch pilot partner
MoonPay	Miami, USA	Agentic onramp and card-rail spending product	30M+ customers across 180 countries NYDFS Trust Charter, BitLicense, and MiCA Netherlands registration	MoonAgents Card launched May 1, 2026 MoonPay Agents launched Feb 2026 with non-custodial AI wallets
Skyfire	San Francisco, USA	Agent identity and payment protocol	$9.5M raised Customers include Anthropic, Cohere, Replicate, and Hugging Face	KYAPay built for verifiable agent identity and USDC settlement F5 Networks partnership for enterprise agentic commerce
Solana Foundation	Zug, Switzerland	Network-level agentic payments rail	$650B stablecoin volume in Feb 2026 15M+ on-chain agent payments cleared to date	Pay.sh launched May 5, 2026 with Google Cloud Solana Agent Kit provides 60+ pre-built actions
TRON DAO	Geneva, Switzerland	Sovereign agentic AI fund and payment rail	977M transactions in Q1 2026 $86B stablecoin supply and $26B TVL	AI Fund expanded from $100M to $1B in Mar 2026 B.AI launched on TRON with 8004 identity and x402 standard support

About This List

The BeInCrypto Institutional 100 — Autonomous Agentic Payments (2026 Long List) identifies firms that enable AI agents to hold assets, access wallets, sign transactions, and settle payments on crypto rails with minimal human intervention.

Coverage spans network-level rails, stablecoin issuer agent platforms, full-stack payment platforms, settlement layers, agent identity protocols, and agentic onramp or card-rail products. Pure AI agent frameworks without a dedicated payment module are out of scope.

Methodology

This category is evaluated under Track B of the BeInCrypto Institutional 100 methodology: 30% quantitative metrics, 50% Expert Council scoring, and 20% disclosed company data.

Assessment spans seven criteria: transaction volume on agentic rails, integration depth across AI frameworks, wallet programmability and policy controls, developer adoption, security and compliance, funding and viability, and innovation during the award window.

The higher Expert Council weighting reflects the early stage of the agentic payments category, where on-chain data exists for some platforms but many launches remain too recent for traditional financial metrics to capture their market importance.

Data was verified using regulatory registers, audited filings, on-chain analytics, x402 Foundation metrics, public company earnings transcripts, partnership announcements, and direct company disclosures.

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BeInCrypto Institutional Research: 15 Stablecoin Infrastructures Powering Crypto Offerings

DeFi, Institutional, Stablecoins Aave Labs, BeInCrypto Institutional 100, DeFi-Native Stablecoins, Institutional Adoption, MiCAR Compliance, Stablecoins, Tokenization

Best Stablecoin Infrastructure is a category within the BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence across 26 categories and six pillars.

This category sits under Pillar 4: Tokenization & On-Chain Finance. The 15 firms below are listed alphabetically and are not ranked. A shortlist will be named in May 2026, with the winner announced at Proof o f Talk in Paris on June 2–3, 2026.

Key Facts

Long list: 15 firms across fiat-backed dollar stablecoins, MiCAR-compliant euro and multi-currency issuers, Asian dollar stablecoins, DeFi-native stablecoins, white-label platforms, yield-bearing stablecoins, bank-issued stablecoins, and payment networks.
Initial pool: More than 30 stablecoin issuance and infrastructure firms screened; 15 advanced to the long list
Order: Listed alphabetically, not ranked.
Scoring: 50% quantitative data · 50% Expert Council.
Criteria assessed: Stablecoin market capitalization, on-chain volume, institutional adoption, reserves posture, regulatory status, multi-chain distribution, enterprise integration, innovation, ecosystem dominance
Data sources: NYDFS, OCC, BaFin, ACPR, CSSF, FCA, FINMA, MAS, SFC, HKMA, FIN-FSA, FSRA, MiCA-CASP registers, reserve attestations, SEC EDGAR, exchange disclosures, CoinGecko, CoinMarketCap, and DefiLlama.

Firm	Stablecoin Sub-Segment	HQ	Reach	Top Licensure / Platform	Representative Work
Aave Labs	DeFi-native overcollateralized stablecoin	London, UK	GHO about $584M market cap sGHO yield variant at 4.25% APR; Aave V3 TVL $26.8B+ across Ethereum, Arbitrum, Base, and Gnosis	DeFi protocol governed by Aave DAO UK-incorporated operating entity; no centralized charter	Horizon institutional RWA market live with about $550M net deposits sGHO launched; GHO V2 rebuild completed in Apr 2026
AllUnity	MiCAR multi-currency stablecoin JV	Frankfurt, Germany	EURAU and CHFAU live on Ethereum, Solana, Stellar, and Arc testnet Multi-bank reserve model	BaFin E-Money Institution licence MiCAR-compliant stablecoin issuer	EURAU launched in Jul 2025 as Germany’s first MiCAR-compliant EUR stablecoin CHFAU launched in Feb 2026 as first MiCAR-compliant Swiss franc stablecoin
Bridge	Stablecoin orchestration and issuance platform	San Francisco, USA	Stablecoin Financial Accounts live in 101 countries Transaction volume quadrupled in 2025 per Stripe annual letter	Bridge National Trust Bank conditional approval from US OCC State money transmitter licences	Acquired by Stripe for $1.1B in Feb 2025 Open Issuance powers Phantom CASH, MetaMask USD, Hyperliquid USDH, and Sui USDsui
Circle Internet Group	Major fiat-backed dollar stablecoin issuer	New York, USA	USDC about $77B in circulation On-chain volume $21.5T; Circle Payments Network at about $10B annualized TPV	NYDFS BitLicense OCC conditional trust bank approval; MiCAR-compliant via Circle Mint Europe; NYSE: CRCL	Arc L1 token presale completed at $3B valuation in May 2026 Meta selected USDC for creator payments; USYC and EURC live
First Digital Labs	Asian regulated dollar stablecoin issuer	Hong Kong	FDUSD about $400M market cap as of May 2026 Multi-chain on Ethereum, BNB Chain, Sui, TON, and Arbitrum	Hong Kong-based issuer FD121 Limited HKMA stablecoin licence application pending under Hong Kong Stablecoin Ordinance	OpenPayd payments integration added USD and EUR settlement rails Canza Finance integration and SPAC merger plans disclosed
Frax Finance	Hybrid algorithmic and collateralized DeFi stablecoin	Delaware, USA	frxUSD and FRAX live with LayerZero cross-chain composability Modular smart-contract infrastructure	DeFi protocol No centralized charter	Sonic Labs deployed Frax framework to launch USSD backed by tokenized Treasuries GENIUS-compatible white-label infrastructure positioned for partner issuance
M0 Foundation	Decentralized white-label stablecoin platform	Zug, Switzerland	About $180M issued through the platform Multi-chain deployments across Ethereum, Solana, and Cosmos	Decentralized federated issuance model Permissioned Minter set	Closed $40M Series B in Aug 2025 M0 underpins MetaMask USD, Noble, Usual Labs, and Playtron Game Dollar
Mastercard	TradFi payment network with stablecoin infrastructure	Purchase, New York, USA	NYSE: MA Crypto Partner Program ecosystem of 85+ firms; operates in 200+ countries and territories	Regulated global card network Works with regulated banking partners across major jurisdictions	Agreed to acquire BVNK for up to $1.8B in Mar 2026 SoFiUSD settlement integration, Multi-Token Network, and Mastercard Move expansion
Ondo Finance	Yield-bearing stablecoin and tokenized treasury	New York, USA	USDY about $2.1B OUSG tokenized Treasury fund live	Oasis Pro Markets acquisition added SEC broker-dealer, ATS, and transfer-agent registration	Oasis Pro Markets acquisition closed during the award window DTCC consortium member; SEC investigation closed without charges in Dec 2025
OSL Group	Hong Kong regulated digital asset platform	Hong Kong	HKEX: 863.HK 50+ licences across 10+ countries; FY2025 core operating income up 150% year-on-year	First SFC Type 1 and Type 7 licensed VATP HKMA stablecoin licence second-wave applicant; MAS Singapore licensed	USDGO regulated USD stablecoin launched in 2025 OSL BizPay B2B stablecoin payments live; Banxa acquisition added onramp and offramp distribution
Paxos	Multi-stablecoin US trust company issuer	New York, USA	PYUSD about $3.4B; USDG above $1B; USDP $40.5M More than $180B cumulative tokenization activity since 2018	Paxos Trust Company N.A. under OCC national trust charter MAS MPI, FIN-FSA Finland, and FSRA Abu Dhabi coverage	Global Dollar Network includes Anchorage, Bullish, Galaxy, Kraken, Robinhood, Nuvei, and Worldpay Withum and KPMG attest reserves across product lines
Ripple	US-regulated dollar stablecoin issuer	San Francisco, USA	RLUSD market cap about $1.5B to $1.8B as of May 2026 Multi-chain on XRP Ledger and Ethereum	Standard Custody and Trust Company under NYDFS trust charter FCA EMI, CSSF Luxembourg EMI, MiCA passport, ADGM accepted token, OCC conditional charter	BlackRock and VanEck selected RLUSD as redemption rail for tokenized Treasury funds Deutsche Bank integration, SBI Japan rollout, and Deloitte attestations

About This List

The BeInCrypto Institutional 100 — Best Stablecoin Infrastructure (2026 Long List) identifies firms that underwrite, issue, settle, and distribute stablecoins at an institutional scale.

The list spans fiat-backed dollar issuers, MiCAR-compliant euro and multi-currency issuers, regulated Asian dollar stablecoin issuers, DeFi-native decentralized stablecoins, white-label issuance platforms, yield-bearing stablecoins, tokenized treasuries, and payment networks operating stablecoin settlement rails.

Tether USDT, Tron USDD, World Liberty Financial USD1, Plasma Network, and Ethena Labs are excluded under reputational and enforcement filters applied across the program.

Methodology

This category is evaluated under Track A of the BeInCrypto Institutional 100 methodology: 50% based on quantitative metrics and 50% on Expert Council scoring.

Assessment spans seven criteria: stablecoin market capitalization and on-chain volume, institutional adoption, regulatory and reserves posture, multi-chain distribution, enterprise integration depth, innovation signal, and ecosystem dominance.

The 50/50 split reflects the availability of quantitative stablecoin data, including on-chain market capitalization, transaction volume, and reserve attestations, balanced against Expert Council assessment of regulatory durability, reserve quality, governance, and product innovation.

Data was verified using regulatory registers, issuer reserve attestations, audited filings, SEC EDGAR, exchange disclosures, partnership announcements, and on-chain analytics providers including CoinGecko, CoinMarketCap, and DefiLlama. Nominees were also reviewed against negative-signal queries covering enforcement, security breaches, depegs, active litigation, and reputational controversy during the award window.

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