Jeremy Allaire - jerallaire.arc
@jerallaire
Co-founder & CEO of Circle @circle Open internet platforms, crypto, stablecoins, human and civil rights. $USDC, Arc, CPN
1.6K Following 185K Followers
Circle launches new agent service discovery layer, enabling agents to seamlessly discover services they can use and consume using USDC and x402, building on our growing marketplace (900+ endpoints and counting) for agentic services.
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Interesting
This is absolutely a tipping point
It’s also reflective of the financial system fully making a move onto the Internet
We will look back at this time in 2026 as one of the biggest turning points in the history of our industry
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Race to the top regulatory strategy continues. We are building fundamental financial market infrastructure with supervision that spans the globe, the nation and the most important financial capital in the world.
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With Circle Agent Stack, any API builder or web service provider can monetize directly to Agents. No checkout page, account setup, API keys, subscriptions. Just metered on the fly agentic consumption of your API service. Learn more.
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Circle ❤️ Toss Bank
Today, Grupo BIND, one of the largest financial infrastructure and banking platforms in Argentina, announced a collaboration with Circle to bring USDC access to institutions in Argentina. A major step for USDC/ARS liquidity.
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Today I'm sharing something I've been building toward for years: The Agentic Economy, a treatise on the convergence of intelligence and the economy.
As AI agents take on the work of the firm and value moves natively on open, programmable networks, the agentic economy and the onchain economy turn out to be the same economy, seen from two sides.
It's a personal work. Enter at whatever depth you like: a 60-second thesis, a short read, the full treatise, an audiobook, or visual maps.
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Today is a historic day for Circle, and I think symbolic of a much bigger evolution in the architecture of the emerging internet financial system.
Circle has received final approval from the OCC to operate as a national trust bank. We have been granted a charter for First National Digital Currency Bank, NA.
Over 10 years ago, as we were forging the concepts of Circle, we believed a new kind of national bank would ultimately be needed to issue full-reserve dollar digital currency. This was before USDC even existed. The vision was clear: a new base layer of money on the internet would be necessary, and for it to reach widespread use, it needed to operate under national banking supervision.
Years later, after launching USDC and achieving strong product-market fit, I wrote that we sought a charter for a full-reserve digital currency bank. Then, through a half-decade of work with policymakers and regulators, we saw the GENIUS Act codify into federal banking law a framework for these safe, efficient, and technologically superior digital dollars.
Launching and operating as Circle National Trust, we will offer custodial services for digital assets, including stablecoins and other tokenized assets, held to the highest standards afforded under Federal national trust bank supervision.
As the GENIUS Act approaches full implementation in early 2027, we are now poised not only to be supervised by the OCC, as required by law, but to bring critical components of USDC's operation and reserves into this structure.
This is all part of building a new fundamental money layer for the internet. A layer that can scale from an AI agent paying another AI agent in fractions of a second for fractions of a cent, to retail transactions, to investments, trading and lending, to the largest wholesale transactions between global systemically important institutions. All of this needs a form of money and regulated infrastructure that can support the entirety of this new internet-native economic system.
A new architecture for money on the internet has arrived. It is now being hardened into an edifice the world can trust and build on. We are thrilled to be the first of a new cohort of firms establishing this kind of banking infrastructure.
Jeremy
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Programmable labor (agents) meet programmable money (stablecoins).
And not so quietly building on USDC
Something big is happening in banking right now.
@StanChart just said it will let institutional clients mint and redeem @circle's USDC directly, days after @BNYglobal, the world's largest custody bank, did the same.
The biggest banks in the world are quietly becoming stablecoin infrastructure.
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The Task Economy is the Agentic Economy
Agents as a service
Consumption pricing
Agentic economic contracts
This is the future.
Complex cognitive work available on demand to and from agents with consumption pricing
👏 releasing: the one dollar audit
🤖 an AI security review of your smart contract
💸 pay 1 USDC
🦾 agents can pay with x402 native
⛓️ reviews live on ERC-8004
🫡 serious security review. unserious price. 💵
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Circle President Heath Tarbert joined @CNBC to discuss the UK’s new stablecoin regulations, USDC as a cash equivalent, global dollarization, issuer competition, and institutional adoption.
Watch the full interview.
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Agents should be able to operate within clear spending limits.
Research today's top developments in AI.
Use up to $5 in USDC for any API calls needed and stay within budget.
Powered by Circle Agent Stack:
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Most chains will address quantum security when they have to.
Arc is being designed with future quantum capabilities in mind from the start.
@gordonliao explains how Arc incorporates quantum-resistant signatures and a mapped path for migrating assets to quantum-safe wallets.
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Agents need economic operating systems and full stacks for economic coordination.
The Agentic Economy and the Onchain Economy are one and the same.
Build startups for agents. I think it's the biggest opportunity of the next 10 years.
1. Agents live inside harnesses like Hermes. If you're the tool it loads by default or reaches for first, you're golden. This happened in desktop, mobile eras and created huge companies.
2. Agents burn money in ways no human would. One bad loop spends $100 in tokens in eight minutes. Spend controls for agents is Ramp for agents.
3. Agents need memory they can trust. Become the shared brain they read and write to and you become infrastructure.
4. You obv don't hand an agent your real Stripe account. You give it a sandbox. Safe environments for agents is a category nobody's clocked.
5. Onboarding flips. Humans click around for ten minutes. Agents onboard by reading your docs. Your docs are now your product.
6. Agents get scammed by other agents. A track record you can check before you trust one becomes real money.
7. An agent needs to prove it's acting for a real person and has the authority to spend. Who builds the permission layer?
8. Escrow for machines. Money that only releases when the job is actually verified done, no human checking.
9. Agents fail silently and weirdly. Someone will build the "why did my agent do that" replay and it'll be mega valuable.
10. Refunds and disputes between agents need a judge. An agent did the job badly, who decides? A court for machines.
11. Agents need throwaway payment methods per task, so they don't leak your real card. Virtual cards for agents, spun up and killed on demand.
12. A human hits rate limits and shrugs. An agent hits them and the whole workflow dies. Selling reliable, high-throughput access becomes its own business.
13. Agents need to negotiate. One agent buying from another will haggle on price and terms in milliseconds. The protocol for that doesn't really exist yet.
14. When an agent commits on your behalf, someone's liable. A legal and insurance layer for agent actions has to get built. Probably venture funded idea.
15. Agents need to run 24/7 somewhere. Selling the always on box an agent lives on is going to be a big business.
16. Then the physical world shows up. A warehouse robot paying for its own compute. A home robot ordering its own parts. Machines with wallets.
17. Agents start hiring robots. A software agent posts a real world job, a humanoid picks it up. A marketplace for machine labor.
18. Robots need to prove they did the physical job. Verification of real-world work, photos, sensors, proof, becomes its own layer.
Note: more ideas like this will be shared on @ideabrowser
19. Prompt and skill versioning becomes its own git. When your agent gets worse overnight, you need to roll back the exact skill or instruction that broke it. Version control built for agent behavior.
20. Agents will start subscribing to other agents. Your research agent pays a monthly fee to a specialist agent that's really good at one thing. Recurring revenue, machine to machine.
21. Companies will post jobs that only agents can apply to. "Wanted: an agent that can do XYZ for under like $100 per task." A job board where the applicants are all machines. Basically, fiverr for machines.
The internet got built for people. Mobile got built for people. This wave gets built for machines, and we're as early as it gets.
Go build for them.
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Network effects and general platform utility combined with liquidity and regulatory clarity.
Hope you had a good 4th of July touching grass 🇺🇸
While you were out, your agents kept buying services and selling to other agents using @USDC over x402...🤖📈
Stablecoins are no longer just a crypto tool. They're rapidly becoming the payment layer for the digital economy.
In June alone, adjusted stablecoin transaction volume reached a record $1.79 trillion, marking a 63% increase from May and a 125% jump year-over-year.
Here's why this matters:
➜ $1.79T in monthly volume signals record demand for on-chain dollar transfers.
➜ 63% MoM growth shows adoption is accelerating, not slowing.
➜ 125% YoY growth confirms stablecoins are moving into the financial mainstream.
➜ USDC processed $1.21T, accounting for roughly 67% of all adjusted volume.
➜ USDT followed with $576B, continuing to play a major role in global liquidity.
➜ Base emerged as the leading blockchain for stablecoin transactions, surpassing Ethereum in monthly volume.
➜ Stablecoins are increasingly powering cross-border payments, merchant settlements, institutional transfers, DeFi, and 24/7 global liquidity.
➜ Every major financial institution is now paying attention to tokenized dollars, payment rails, and blockchain settlement.
➜ This trend strengthens the long-term investment case for payment infrastructure, tokenization, and real-world blockchain adoption.
The narrative is shifting. Crypto is no longer just about volatile assets. It's increasingly about moving dollars faster, cheaper, and globally.
The record-breaking stablecoin volume in June is another sign that blockchain is evolving from a speculative market into real financial infrastructure.
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