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 Onlamp, Orchestration, and the API with the Cross Mint Wallets with Agentic Payments with USDC (…), we lay the foundation for a new era of finance. What moves money nearby is global, and systems are built on both humans and machines.
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.”
Kevin Leffew and Lincoln Murr, two members of Coinbase’s development team, said that AI agents will use Stablecoins to do everything from paying for self-driving taxis to publishing content and apps that use Stablecoins to store data permanently.
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 USDCs (USDCs) as an alternative to weakening Colombian PESO.
Related: circle and okx launch zero-fee USDC conversion to USD
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.
Tempo was incubated in 2024 by Payments Infrastructure Platform Stripe and Crypto Investment Firm’s Paradigm, which handled volumes of over $1.4 trillion.
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