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Circle CEO Jeremy Allaire Says AI Bots Are Engaging With USDC Stablecoin

Jeremy Allaire, CEO of Circle, announced on May 25 that AI bots are engaging with the company's USDC stablecoin. Allaire believes that AI and blockchain are a perfect match and can interact with each other in various ways, such as machine-generated contracts and data provenance.

Other crypto projects, such as Solana and MakerDAO, are also using AI in different ways. However, some critics question whether bot-driven transactions represent legitimate trading or wash trading.

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Circle CEO Jeremy Allaire Says AI Bots Are Engaging With USDC Stablecoin

All Comments

Recommended for you

USDC circulation decreased by $200 million in the past week, with a total circulation of $33.1 billion

Saudi Arabia plans to invest US$40 billion in AI

The AI craze in the encryption field has driven the Bittensor subnet registration fee to soar to $6.7 million, a monthly increase of 10,000%

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Circle Mints $140 Million USDC for Big Buyer, Ethereum Foundation Transfers 15,000 ETH to Kraken

Circle CEO Jeremy Allaire Speculates on the Number of AI Bots Operating On-Chain Treasury Accounts

Circle's USDC Sees Net Reduction of $500 Million in Circulation in One Week

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