The internet transformed the scale and velocity of information exchange. Agents could bring a similar expansion to economic exchange. Every service an agent buys from another can trigger demand for several more, creating markets around work previously too small, too fast or too complex to coordinate.
That’s what makes
@jerallaire’s vision for
@arc compelling. Its financial infrastructure is purpose-built to support an economy of agents earning, spending and hiring one another.
At Tolly Labs, we’re building for that future with x402 service aggregation, discovery tools and a marketplace that make it easier for agents to find providers, compare offerings, pay for work and track delivery.
.
@circle set out to put dollars on the internet and make them work everywhere. Now
@jerallaire thinks the main users of that infrastructure could be machines.
He joins
@cdixon to talk about what comes after digital dollars, and what the agent economy needs when software can earn, spend, and hire.
Highlights:
1:58 Circle’s original vision for programmable money
7:19 Why institutions started taking stablecoins seriously
12:04 Learnings from building a global financial network
15:03 What gives a stablecoin its moat?
26:28 Crypto’s growing adoption in the shadow of AI
28:11 From making existing things better to creating entirely new markets
32:59 The weirdest experiments being built on Arc
37:02 What happens when AI hires AI
38:04 Why the next big thing starts out looking like a toy
39:05 Can blockchains counter AI’s centralizing tendencies?
44:01 What the machine economy could look like in five years
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