The Agentic Economy: How AI Agents Will Transform the Financial System with Circle Co-Founder and CEO Jeremy Allaire

Today, I know priors, we have Jeremy Allaire, the cofounder and CEO of Circle. We'll be talking about cryptocurrency, AI, agentic payments, AI evolving on the blockchain, and a variety of other topics. Great. Well, thank you so much for joining us today. It's a pleasure to have you. It's great to be here. Thank you. So maybe we can start with you just giving a quick overview of Circle, what you do, how you purchase the world, because I think we're gonna be talking a lot about stablecoins, crypto, AI, and how all these things tie into sort of the agentic future. But I'd love to just start with sort of origins of the company, what you're all are up to, and we can go from there. Yeah. For sure. So, yeah, Circle's been around for a while. I cofounded the company, over, yeah, thirteen years ago or so, 2013. And, you know, really, at inception, I was really excited about this idea that we could create a protocol for dollars on the Internet. And I had been really excited about, what was happening with technologies like Bitcoin, and, had been, you know, working on kind of Internet infrastructure for a long time and got really excited. Like, if we had, like, a protocol for dollars on the Internet, that, you know, potentially we could have a way to store and move value, you know, instantly, globally, frictionlessly at no cost, ultimately. The other idea that we were really excited about back then was this idea of programmable money and the idea that, eventually, these these networks, blockchains, would become like operating systems and you could actually have machines that intermediate economic activity and financial activity on the internet, including like autonomous software machines. And, back then, we didn't have generative AI or anything like that, but this sort of idea of kind of commoditizing the kind of payment utility layer, with, like, very safe digital dollar digital currencies, and then having, like, programmability of that with machines that are kind of tamper resistant, can run on the Internet, that's what kind of drove the founding of the company. And and the view was, like, if we could do that, like, we could actually improve the financial system, make it safer, make it more accessible, make it more efficient, and and kinda derive new utility for money that we haven't had before. And so that was sort of where we're at. Aspect of that important? So if you look at a lot of the things that happened in cryptocurrency in the early days, it was really about creating things that were divorced from the traditional financial system if possible or were not dollar centric. So for example, Bitcoin was in part a response to the great financial crisis Yeah. And the view that all sorts of weird bailouts happened there, and therefore, we needed some alternative sort of financial infrastructure for the world. Yeah. So I think, so I …