In a recent statement, Circle’s CEO, Jeremy Allaire, emphasized that huge numbers of AI agents, working autonomously, will turn to cryptocurrencies and stablecoins for daily transactions.

“Three years, five years from now, one can reasonably expect that there will be billions, literally billions of AI agents conducting economic activity in the world on a continuous basis,” Allaire shared at the World Economic Forum held in Davos, Switzerland.

“They need an economic system. They need a financial system. They need a payment system. There is no other alternative, in my view, other than stablecoins to do that right now.”

Additionally, Changpeng Zhao, the co-founder of Binance, voiced his agreement during the same forum, stating that cryptocurrency is the expected means of transaction for these AI agents. He noted that this technology is the most suitable interface for AI applications.

The Rise of AI in Crypto Transactions

In May, Coinbase’s team launched the x402 online payments protocol, enabling AI agents to engage with stablecoins over the internet, supporting immediate transactions without manual interventions. Further innovations from Google, like the Universal Commerce Protocol, aim to compete in the AI payment landscape. These initiatives signify a potential shift towards integrated AI and cryptocurrency systems.