Stablecoin firms bet big on AI agent payments that barely exist
🤖 AI Summary
📌 Background: Circle, Stripe, and others are competing to build stablecoin-based payment systems in preparation for a future where autonomous AI agents become commonplace.
Visa, Mastercard, and Amex stocks plummeted on the scenario that AI agents will bypass card fees.
Circle CEO claims stablecoins can become the native currency for machine-to-machine commerce.
AI agent payments are emerging as a new growth engine overcoming the limitations of existing financial systems.
📊 Market Reaction: Investment is concentrating on related companies like Circle and Stripe. Circle's stock price surged on strong performance, and Stripe achieved a valuation of $159 billion.
💬 Comment: AI agent payments have the potential to replace card systems not only in cross-border transactions but also in domestic transactions.