Galaxy Digital CEO Mike Novogratz said AI agents will soon become a top user of Stablecoins.
In an interview with Bloomberg published Wednesday, Novograts said, “In a not-so-distant future, the biggest stable user will be AI.” He said users can expect to ask AI to buy groceries and make it independently engage in the necessary transactions.
“Your grocery agent who knows what you want to eat knows you’re on a diet or not eating, but you’re going to know where to buy it.”
AI agents are autonomous software programs that allow you to recognize the environment, make decisions, and take action to achieve your goals without human intervention. The main feature that distinguishes these systems from most current AI systems is their higher independence.
Novogratz emphasized that such agents will not “send wire orders or Venmos” and instead rely on Stablecoin transactions. He doesn’t know if such a system will be in place in a year or five years, but he hopes to “see the explosion of Stablecoin trading.”
Michael Novogratz. sauce: Wikimedia
Related: 2026 Million Dollar Bitcoin Signs Trouble: Galaxy’s Mike Novogratz
Stubcoins are increasing
Novogratz’s remarks follow reports suggesting a significant increase in the adoption of Stablecoin in payments. A report from early June showed that at least four high-tech companies, including Apple, X, Airbnb and Google, are exploring Stablecoins as a way to lower fees and improve cross-border payments.
Last month, Global Grocery Giant Spar announced its support for Stablecoin and Cryptocurrency payments at its Swiss stores. In mid-June, e-commerce giant Shopify worked with leading US Exchange Coinbase to deploy early access to Circle’s USDC’s Stablecoin Payments.
At the end of July, Payment Company Visa expanded its Stablecoin offerings on its payments platform by adding support for Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (Eurc) Stablecoins. A mid-May survey of 295 executives from traditional banks, financial institutions, fintech companies and payment gateways found that 90% of institutional players were using or investigating the use of Stablecoins in their businesses.
Related: How to develop an AI agent for crypto trading
AI agents are expected to join Web3
Novogratz’s statement regarding AI agents follows a statement from a Coinbase Development team member. A member of the Coinbase development team said such a system “will likely be Ethereum’s biggest power user.” AI agents have different functions than humans and interact with these systems in a different way, resulting in specialized infrastructure and middleware.
For example, Adrian Brink, co-founder of Web3 AI agent infrastructure company ANOMA, recently argued that such systems require intention-based blockchain infrastructure. Such infrastructures take advantage of user-defined goals or desired outcomes expressed at a high level to prevent unexpected transactions.
Decentralized AI agent infrastructure startup Kite AI recently raised $18 million in a Series A funding round led by PayPal Ventures, bringing total cumulative funds to $33 million. An example of an AI agent service integrated into the Web3 infrastructure is Clanker, a decentralized application (DAPP) built around an artificial intelligence agent that creates memecoin based on prompts.
“Clanker is an AI that launches crypto tokens for you,” the Dapp website said. “When you pass a name and symbol, it automatically handles deployment, market creation, and fee sharing.”
According to a report in early August, Clanker generated more than $34.4 million in fees for users at the time.
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