Stablecoins

Recent narratives highlight the evolving intersection of stablecoins and AI, with proponents touting stablecoins as essential for the AI agent economy. Circle, the issuer of USDC, has emphasized the role of USDC in facilitating payments for AI agents. However, a survey by researchers from top universities including Yale, Harvard, and Princeton, suggests that blockchain technology, including stablecoins, has limited utility for solving payments and trust issues in AI. The survey calls for rigorous demonstration of utility rather than just feasibility. Meanwhile, the AI industry is facing a price war, with companies like OpenAI and Anthropic potentially cutting token prices to drive adoption despite concerns over return on investment. This price war could reshape the AI sector and its associated infrastructure. Additionally, Visa and Mastercard are reportedly developing a stablecoin, which could challenge existing players like Circle in the stablecoin market.

• Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa

  CoinDesk29m ago
• Payments startup Flutterwave hits $3.2B valuation, backed by Ripple

  techcrunch.com29m ago
• Coinbase to join tokenized stock race with onchain shares, dividend payments

  CoinDesk1h ago