x402: The Internet’s Native Payment Layer

Indexed Podcast · Nov 27, 2025 · 44m

Today we're joined by Jay Yu (@0xfishylosopher), research & partner @panteracapital, to discuss x402; a blockchain based micropayments solution built around the 402 HTTP status code.

We cover:

- Stablecoin payments through HTTP 402

- Real-world use cases and current pilot implementations

- Wallet adoption trends

- Facilitators like Coinbase and market share breakdown

- The evolving facilitator landscape and parallels to block building

- Comparisons to other payment frameworks like ERC-4804

And much more—enjoy!

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Timestamps:

(00:00) Introduction

(05:16) Why 402 was never used

(06:03) Giving…