{
  "name": "Machine Payments Monitor",
  "description": "How machine payments settle in the AI-agent economy — the agent-native settlement layer.",
  "updated": "2026-07-19",
  "license": "CC-BY-4.0 (attribution required)",
  "signals": {
    "x402_annualized_run_rate_usd": 600000000,
    "usdc_share_of_machine_payments": 0.986,
    "settlement_time_seconds": 2,
    "typical_fee_usd": 0.0001,
    "stablecoin_volume_2025_usd": 33000000000000
  },
  "settlement_path": ["quote", "pay", "verify(facilitator)", "settle(on-chain)", "receipt", "reconcile"],
  "components": [
    {"component": "networks", "role": "where value finalizes", "examples": ["Base", "Solana", "Ethereum L2s"], "stage": "live"},
    {"component": "settlement-assets", "role": "what clears", "examples": ["USDC", "PYUSD", "EURC"], "stage": "live"},
    {"component": "facilitators", "role": "verify before release", "examples": ["x402 facilitators", "Coinbase"], "stage": "live"},
    {"component": "acceptance", "role": "merchant/service side", "examples": ["Fireblocks acceptance", "Crossmint"], "stage": "live"},
    {"component": "card-bridges", "role": "route agents onto card rails", "examples": ["Mastercard Agent Pay", "Visa Intelligent Commerce"], "stage": "rolling-out"},
    {"component": "billing-metering", "role": "roll micro-settlements into invoices", "examples": ["Nevermined"], "stage": "live"}
  ],
  "part_of": "https://index.agiscorecard.com/",
  "sources": ["Solana x402 report 2026", "Keyrock 2026", "CoinDesk research 2026"]
}