LATEST: ⚡ Stellar Foundation CEO Denelle Dixon says the CLARITY Act won't open the floodgates for tokenization because "the floodgates have already opened."
“Everybody is already doing this."
thesis: agents will be the trojan horse for stablecoins.
think this way: if stablecoins are so good, why haven't everyone adopted them?
simple answer: it's v hard to upgrade a legacy system, unless there's a huge central push (generally positive regulations and we're getting there).
no existing merchants have an incentive to switch.
and no existing system like bank have an incentive to disrupt itself.
however, agents presents an opportunity to make stablecoins the first-class citizens in payments (rather than banks or visa/mastercard).
an agent with a wallet will always prefer to always pay via stablecoins.
there's a reason @stripe is betting hard on this with acquisition of:
- @Stablecoin (on/off-ramps)
- @privy_io (wallet)
- @tempo (l1 for agentic payments)
and also has has stripe agent kit to explore agentic payments.
how will agents use stablecoins?
imo, there can be few ways, the adoption for stablecoin payments happens for agentic web:
–– via pay-as-you-go or pay-per-api-call standards like x402 by @CoinbaseDev. today, @Google (and @sundarpichai) announced AP2, an agentic payments protocol with stablecoins at the centre of it.
it's also v much possible that a payment protocol gets enshrined directly in MCPs, where you can pay for any mcps directly via the same api call
–– existing giants like @stripe and @Visa adopt stablecoin as preferred payments for agentic payments. they've already hinted at this.
–– while ai is already penetrating most of our lives (with chatgpt/gemini); it's yet to see any adoption in fintech/payment/finance apps.
this definitely presents an opportunity for crypto to be first as tradfi are generally:
- risk-averse
- gated access and lack of composability
complex agentic workflows can be natively built on blockchains like @solana with programmable policies like spending limits - which are difficult with tradfi/banking apis.
–– revenue-sharing business models: today, most of the web runs on ads. google made $195 billion in ’24 just from search ads alone.
with LLMs and agents, ads could become invisible - agents will crawl the web and skip them for you.
a shift from navigation-based to intent-based usage could give rise to pay-per-conversion models, where agents (performing tasks for users) are rewarded for opting into ads or promotional actions in exchange for small payments.
crypto can shine here by enabling enforceable revenue sharing with multiple affiliates (traffic sources) once commerce transactions are completed.
for eg., if a @perplexity_ai agent routes traffic to airbnb, the USDC paid by the user could be automatically split and sent to the perplexity agent as commission. the best part?
unlike traditional payment methods like stripe, this can all be written into a configurable smart contract and it enforces logic programmatically.
(something on this soon from SendAI👀)
above all, we need a sufficient tested on-chain agentic infra (wallet + tooling layer) to ensure we're ready for complex agentic payments and trading.
huge props to @coinbase/@CoinbaseDev for taking a step in this direction.
personally, would love to see @solana leading the infra for agents as well and enshrine it as part of internet capital markets vision.
agents/acc 🤖
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