Galaxy Digital CEO says AI agents could soon send most stablecoin payments.
- AI agents may use stablecoins to shop and send money.
- Big tech firms are testing stablecoin payments to lower fees.
- More companies are building tools for AI to work in Web3.
AI Agents Could Become Top Users of Stablecoins
Mike Novogratz, CEO of Galaxy Digital, believes artificial intelligence agents will soon become the largest users of stablecoins. In a recent interview, he said these agents might handle tasks like buying groceries or other online orders. They would do this by sending stablecoins instead of using options like wire transfers or Venmo.
AI agents are smart programs that make decisions and take actions without human help. Novogratz said people may one day ask their AI to buy items on their behalf, and the AI will handle both the selection and payment. He expects a sharp rise in stablecoin transactions as these systems grow.
Tech Companies Show Support for Stablecoins
Large tech companies are also looking into stablecoins. In June, reports said that Apple, Google, Airbnb, and X are exploring how to use stablecoins for payments. They want to reduce costs and improve how money moves across borders.
Retailers are joining this trend. Spar, a global grocery chain, is now accepting cryptocurrency and stablecoin payments in over 300 Swiss stores. Shopify has also rolled out early access for payments using USDC, a major stablecoin, with support from Coinbase. Payment giant Visa recently added more stablecoin options on its platform, including PYUSD, USDG, and EURC.
A recent survey found that 90% of banks and financial firms are either using or testing stablecoins.
Web3 Tools for AI Agents Are Growing
Novogratz’s view matches what developers at Coinbase are saying. They believe AI agents will be among the most active users on Ethereum soon. These agents need special setups to work smoothly with crypto and Web3 systems.
Firms like Anoma are building tools to support AI agents. Their systems let users set clear goals, so the AI can reach them without making mistakes. Startups in this field are getting major investments. For example, Kite AI raised $18 million in funding, led by PayPal Ventures.
Other platforms are already using this tech. A project called Clanker lets users create new crypto tokens with the help of an AI agent. Users name the token and pick a symbol, and the AI does the rest. So far, Clanker has helped users earn over $34 million in fees.
Source: cointelegraph.com
