Overview
- Circle unveiled the Agent Stack Monday, opening a command-line tool, agent wallets, an agent marketplace, and a nanopayments protocol to developers and AI agents.
- The nanopayments protocol moves USDC without gas fees in transfers as small as $0.000001, which enables rapid, high-frequency payments between software services.
- The stack treats AI agents as the end users and uses policy-controlled wallets so software can hold money, pay for services, and follow preset spending rules.
- Circle also reported quarterly results with $77 billion USDC in circulation, a 28% year-over-year increase, and announced a $222 million Arc token sale that values Arc at $3 billion as CRCL shares rose nearly 16% Monday.
- Other major firms are building similar rails for agent payments, including efforts from Amazon with Coinbase and Stripe, Google Cloud with the Solana Foundation, and MoonPay.