Circle CEO says that AI bots are transacting USDC, creating wallets

Circle CEO Jeremy Allaire said May 25 that artificial quality (AI) bots are engaging with his company’s USDC stablecoin.

AI and blockchain are a match

Allaire wrote connected Twitter:

“[Artificial intelligence] and Blockchains are made for each other… We are already proceeding astir AI Bots spinning up on-chain wallets and utilizing USDC.”

Allaire did not authorities which groups oregon individuals are performing these actions but said that the bots are trading USDC. Critics questioned whether specified bot-driven transactions correspond morganatic trading oregon lavation trading betwixt a tiny fig of bots.

Though Allaire did not elaborate, helium besides provided wide examples of however AI and blockchain tin interact with 1 another. Responding to earlier comments from Bitwise co-founder and CEO Hunter Horsley, Allaire said that AI tin beryllium utilized successful “machine-generated and enforced contracts” and “machine-to-machine worth exchange.”

Allaire besides suggested that blockchain exertion tin beryllium utilized successful information provenance, meaning that it tin assistance way the origins and ownership of information.

Horsley noted that generative AI creates a immense magnitude of contented and that the authenticity of contented tin beryllium verified with blockchain and cryptography.

Other crypto projects are utilizing AI

Other crypto projects are already employing AI. Solana has created a ChatGPT-based tool that allows users and developers to retrieve on-chain data, and Solan’s CEO says that the instrumentality could soon let users to execute transactions from a “ChatGPT loop.”

Elsewhere, MakerDAO is readying an AI-based community governance system, portion exchanges specified arsenic Binance and Crypto.com person introduced AI chatbots.

The station Circle CEO says that AI bots are transacting USDC, creating wallets appeared archetypal connected CryptoSlate.