Circle CEO Jeremy Allaire said May 25 that artificial intelligence (AI) bots are engaging with his company’s USDC stablecoin.
AI and blockchain are a match
Allaire wrote on Twitter:
“[Artificial intelligence] and Blockchains are made for each other… We are already hearing about AI Bots spinning up on-chain wallets and using USDC.”
Allaire did not state which groups or individuals are performing these actions but said that the bots are trading USDC. Critics questioned whether such bot-driven transactions represent legitimate trading or wash trading between a small number of bots.
Though Allaire did not elaborate, he also provided broad examples of how AI and blockchain can interact with one another. Responding to earlier comments from Bitwise co-founder and CEO Hunter Horsley, Allaire said that AI can be used in “machine-generated and enforced contracts” and “machine-to-machine value exchange.”
Allaire also suggested that blockchain technology can be used in data provena
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