AI agents will become biggest stablecoin user, says Novogratz

Artificial intelligence tools will boost stablecoin usage as the two technologies become more closely intertwined, according to Michael Novogratz, founder and chief executive officer of Galaxy Digital.

“In the not-so-distant future, the biggest user of stablecoins is going to be AI,” Novogratz said in a Bloomberg TV interview on the sidelines of the Goldman Sachs Asia Leaders Conference in Hong Kong.

The billionaire gave an example involving an AI agent automatically ordering groceries in line with a person’s preferences and paying for them using stablecoins. “Sometime in the near distant future, I don’t know if it’s one year or five years, you are going to see an explosion of stablecoin transactions,” he said.

Stablecoins are digital tokens issued by private firms that closely mimic the price of an established fiat currency, typically the US dollar. They’re mostly backed by cash-like assets and are gaining traction as an alternative payment system.

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