Circle and Crossmint Expand Stablecoin Rails for Humans and AI

Stablecoin Company Circle’s Venture Capital Arm is partnering with Crypto Infrastructure Firm Crossmint to expand USDC Stablecoin to more blockchain rails as part of its purpose to reach billions of users, including AI agents.

“By combining Stablecoin Onramps, Orchestration, and Agent Payments for Stablecoin wallets and APIs with USDC […] Crossmint announced its partnership with Circle Ventures on Wednesday, laying the foundations for a new era of finance.

Crossmint’s support for AI agents unlocks countless opportunities for e-commerce app Onchain amid growing expectations that ultimately become Ethereum’s “big power user.”

Two members of Coinbase’s development team, Kevin Leffew and Lincoln Murr, said that AI agents will use Stablecoins to pay for self-driving taxis to automatically publish content to store data permanently and automatically publish apps.

Stablecoin Rails offers lifelines in inflation-hit countries

Meanwhile, people in unstable and highly expanding countries are relying on increasingly stable states to secure wealth, including Argentina, where many use “crypto caves” to purchase USD stubcoins to escape strict currency controls and high inflation.

Last week, Moneygram announced that the Crypto Payments app (which leverages Crossmint’s infrastructure and self-reliance solutions) was launched in Colombia, offering a new way for locals to receive and store USDC (USDC) as an alternative to weakening Colombian PESO.

Related: Circle and OKX launch Zero-FeeUSDC conversion to US dollars

With MoneyGram already serving more than 50 million customers in over 190 countries, it is increasing the number of customers who can rely on Crossmint’s technology to save on Stablecoins.

USDT still controls Stablecoin payments

Despite the partnership that utilizes the circle’s USDC, Tether (USDT) remains the most widely used Stablecoin. According to data from Coingecko, we’ve seen nearly 10 times more than $10.3 billion in trading volumes in the last 24 hours.

USDT’s market capitalization is comfortable above USDC’s $74.1 billion.

Tron Network’s USDT supply exceeded $80 billion in June, making it an ideal option for sending digital dollars in developing countries due to its fast, low-cost transfers.

Crossmint announced another partnership earlier this week

Crossmint also partnered with the team behind the blockchain tempo, focusing on Layer-1 Payments on Tuesday as part of a broader push to promote adoption of Stablecoin.