This story was originally published on HackerNoon at: https://hackernoon.com/stablecoins-autonomous-payments-and-the-dollars-next-act.
Money became programmable and payments now run without humans: two chapters of one race where almost everything still settles in dollars.
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Every great economic leap was really a leap in transactionality, and money always had to evolve to keep up — the latest step being programmable money. Two chapters are now unfolding at once: stablecoins (programmable dollars, 97% of them dollar-denominated) and autonomous payments that execute with no human pressing a button, via protocols like x402. Both lead to the same question — how much transactionality can the system handle, and what does control look like when the one paying may not be a person? The spoiler runs from end to end: almost everything still settles in dollars.