"There's something happening here, what it is ain't exactly clear. With apologies to Buffalo Springfield (and later Public Enemy), those lines neatly sum up the latest crypto trend: companies building tools to power stablecoin-wielding AI agents. It's a lot to get your head around, but the basic idea is this: In the future, we will all be deploying AI agents that don't just communicate, but engage in online commerce on our behalf-buying our concert tickets, say, or locking up a hotel reservation."
"The latest example is Cloudflare, which manages a hefty portion of the web's traffic, and this week announced "a U.S. dollar-backed stablecoin, the NET Dollar, to help propel the future of AI-driven finance on the internet." This comes after Google released a new AI payments protocol with partners like Coinbase and Amex that will include support for stablecoins. And then there are startups like Circuit & Chisel, founded by Stripe vets, and PayPal-backed Kite, which are also designing protocols for agentic payments."
Companies are building stablecoins and payment protocols to enable AI agents to autonomously transact online on users' behalf. Major infrastructure and payments firms have introduced dollar-backed stablecoins and AI payments protocols with stablecoin support, while startups design agentic payment systems. The envisioned consumer flow supplies agents with stablecoins to negotiate purchases, bookings, or reservations. Protocols are developing before clear consumer applications, raising questions about real-world demand, usability, and whether blockchain-based agent payments add value beyond existing payment systems.
Read at Fortune Crypto
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