Why Your AI Agent Needs a Wallet: USDC and Nanopayments — Harshal Bhangale, Circle

>> Good morning, everyone. >> Good morning, everyone. So, um I've had the pleasure of uh So, um I've had the pleasure of uh So, um I've had the pleasure of uh meeting a lot of folks at uh the booth meeting a lot of folks at uh the booth meeting a lot of folks at uh the booth here over the last couple of days, and here over the last couple of days, and here over the last couple of days, and the interactions have been great, uh but the interactions have been great, uh but the interactions have been great, uh but one question kept uh coming up, which one question kept uh coming up, which one question kept uh coming up, which was was was Circle is a stablecoin company. So, why Circle is a stablecoin company. So, why Circle is a stablecoin company. So, why is a stablecoin company at an AI is a stablecoin company at an AI is a stablecoin company at an AI engineering conference? engineering conference? engineering conference? And well, uh the answer to that is And well, uh the answer to that is And well, uh the answer to that is fairly simple, fairly simple, fairly simple, because because because Circle issues uh USDC, which is the Circle issues uh USDC, which is the Circle issues uh USDC, which is the world's largest regulated stablecoin. world's largest regulated stablecoin. world's largest regulated stablecoin. And we've And we've And we've built over the years expertise in making built over the years expertise in making built over the years expertise in making payments simpler and cheaper. payments simpler and cheaper. payments simpler and cheaper. And it turns out that's one of the And it turns out that's one of the And it turns out that's one of the bottlenecks for your AI agents. bottlenecks for your AI agents. bottlenecks for your AI agents. So, when you often think about making AI So, when you often think about making AI So, when you often think about making AI agents smarter, we think about better agents smarter, we think about better agents smarter, we think about better models, models, models, uh more tool calls, uh more tool calls, uh more tool calls, complex orchestration, complex orchestration, complex orchestration, but but but where your agent actually where your agent actually where your agent actually in practice actually halts is when it in practice actually halts is when it in practice actually halts is when it hits a paywall or when it has to pay for hits a paywall or when it has to pay for hits a paywall or when it has to pay for something.

something. something. Then you have to step in, either create Then you have to step in, either create Then you have to step in, either create an account, sign up, or, you know, an account, sign up, or, you know, an account, sign up, or, you know, manage API keys. manage API keys. manage API keys. So, that's where uh the limitation is, So, that's where uh the limitation is, So, that's where uh the limitation is, and that's the gap that I want to talk and that's the gap that I want to talk and that's the gap that I want to talk about today. about today. about today. So, So, So, yeah, I'm Harshal, and I'm an engineer yeah, I'm Harshal, and I'm an engineer yeah, I'm Harshal, and I'm an engineer on the agentic product team at Circle. on the agentic product team at Circle. on the agentic product team at Circle. So, let's sort of take a step back and So, let's sort of take a step back and So, let's sort of take a step back and see how we got here. see how we got here. see how we got here. We believe that the agentic economy is We believe that the agentic economy is We believe that the agentic economy is already here. already here. already here. So, So, So, how are uh how are uh how are uh you know, uh you know, uh you know, uh we In 2023 we interacted with agents via we In 2023 we interacted with agents via we In 2023 we interacted with agents via like prompts, uh your ChatGPT and stuff like prompts, uh your ChatGPT and stuff like prompts, uh your ChatGPT and stuff like that. We got a little bit better. like that. We got a little bit better. like that. We got a little bit better. In 2024 we built workflows. In 2024 we built workflows. In 2024 we built workflows. 2025 was all about MCPs, skills, and 2025 was all about MCPs, skills, and 2025 was all about MCPs, skills, and orchestration. orchestration. orchestration. And we believe this year, 2026, is when And we believe this year, 2026, is when And we believe this year, 2026, is when agents actually start paying for agents actually start paying for agents actually start paying for services that they want. services that they want. services that they want. And the signals are promising.

And the signals are promising. And the signals are promising. Just in the last 30 days, Just in the last 30 days, Just in the last 30 days, uh agents have transacted with paid API uh agents have transacted with paid API uh agents have transacted with paid API endpoints, endpoints, endpoints, uh and the volume is about like $24 uh and the volume is about like $24 uh and the volume is about like $24 million. Uh million. Uh million. Uh over X102. over X102. over X102. And 99% of it has been settled in USDC. And 99% of it has been settled in USDC. And 99% of it has been settled in USDC. While this number may look small in While this number may look small in While this number may look small in terms of volume in the broader terms of volume in the broader terms of volume in the broader landscape, landscape, landscape, it's only about to get larger. it's only about to get larger. it's only about to get larger. So, what is X102? Um essentially, X102 So, what is X102? Um essentially, X102 So, what is X102? Um essentially, X102 is is is a way where agents can uh pay for their a way where agents can uh pay for their a way where agents can uh pay for their the resources that they want because the resources that they want because the resources that they want because the server essentially returns a 402 the server essentially returns a 402 the server essentially returns a 402 header header header and with the details of how they want and with the details of how they want and with the details of how they want the payment to the payment to the payment to proceed. And then the agent just signs proceed. And then the agent just signs proceed. And then the agent just signs um an authorization from the crypto um an authorization from the crypto um an authorization from the crypto wallet and then pays for the resource wallet and then pays for the resource wallet and then pays for the resource and retries the request again. So, and retries the request again. So, and retries the request again. So, that's that's that's in X102 in a nutshell and we'll see that in X102 in a nutshell and we'll see that in X102 in a nutshell and we'll see that in action in a live demo. in action in a live demo. in action in a live demo. But then, the question is But then, the question is But then, the question is why do the traditional payment rails not why do the traditional payment rails not why do the traditional payment rails not work and why do the agents get stuck?

work and why do the agents get stuck? work and why do the agents get stuck? So, So, So, the answer is simple, uh because for the the answer is simple, uh because for the the answer is simple, uh because for the last 30 years we built the internet last 30 years we built the internet last 30 years we built the internet around one customer around one customer around one customer and that was humans. and that was humans. and that was humans. Right? Um so, we built payment schemes, Right? Um so, we built payment schemes, Right? Um so, we built payment schemes, uh monetization strategies, all catered uh monetization strategies, all catered uh monetization strategies, all catered towards how humans interacted. So, you towards how humans interacted. So, you towards how humans interacted. So, you had your sign-up flows, add your credit had your sign-up flows, add your credit had your sign-up flows, add your credit card, uh put in your information, and card, uh put in your information, and card, uh put in your information, and manage your API keys, but agents just manage your API keys, but agents just manage your API keys, but agents just don't function that way. don't function that way. don't function that way. Agents Agents Agents want to like come in and grab that piece want to like come in and grab that piece want to like come in and grab that piece of data, resource, compute, inference, of data, resource, compute, inference, of data, resource, compute, inference, whatever, and just whatever, and just whatever, and just uh you know, and they have the ability uh you know, and they have the ability uh you know, and they have the ability to even like consume knowledge at a to even like consume knowledge at a to even like consume knowledge at a scale that humans just cannot. scale that humans just cannot. scale that humans just cannot. I'm sure like you have seen sessions I'm sure like you have seen sessions I'm sure like you have seen sessions where it's able to like just scrape where it's able to like just scrape where it's able to like just scrape through hundreds of web pages, and um through hundreds of web pages, and um through hundreds of web pages, and um then it just like stalls because it then it just like stalls because it then it just like stalls because it can't like reach a particular endpoint, can't like reach a particular endpoint, can't like reach a particular endpoint, and it skips over it. and it skips over it. and it skips over it. So, So, So, then you could think, "Oh, yeah, just then you could think, "Oh, yeah, just then you could think, "Oh, yeah, just give it a credit card." or something give it a credit card." or something give it a credit card." or something like that. So, like that. So, like that. So, while that is possible, while that is possible, while that is possible, um these agents, um these agents, um these agents, uh because they consume so much data as uh because they consume so much data as uh because they consume so much data as they go, they go, they go, it's um it's um it's um they pay in fractional amounts, so tiny they pay in fractional amounts, so tiny they pay in fractional amounts, so tiny amounts, uh but at a very high amounts, uh but at a very high amounts, uh but at a very high frequency.

frequency. frequency. Uh and credit cards and their fees are Uh and credit cards and their fees are Uh and credit cards and their fees are just like not sustainable for this kind just like not sustainable for this kind just like not sustainable for this kind of like economic model. Um you cannot of like economic model. Um you cannot of like economic model. Um you cannot pay like 3% uh each time an agent tries pay like 3% uh each time an agent tries pay like 3% uh each time an agent tries to make a one-cent transaction. And the to make a one-cent transaction. And the to make a one-cent transaction. And the reason these transaction amounts are so reason these transaction amounts are so reason these transaction amounts are so small is because on the sell side or on small is because on the sell side or on small is because on the sell side or on the merchant side, they've realized that the merchant side, they've realized that the merchant side, they've realized that these paywalls were actually catered for these paywalls were actually catered for these paywalls were actually catered for humans, and now there's an entirely humans, and now there's an entirely humans, and now there's an entirely different customer base which is trying different customer base which is trying different customer base which is trying to like access their data, and they just to like access their data, and they just to like access their data, and they just want like a subset of the data. So, you want like a subset of the data. So, you want like a subset of the data. So, you could monetize that as a seller by just could monetize that as a seller by just could monetize that as a seller by just offering that, by wrapping that in a offering that, by wrapping that in a offering that, by wrapping that in a uh you know, in a paywall, and saying, uh you know, in a paywall, and saying, uh you know, in a paywall, and saying, "Hey, I take one, "Hey, I take one, "Hey, I take one, pay me 10 cents and grab this data." pay me 10 cents and grab this data." pay me 10 cents and grab this data." And that's why these are And that's why these are And that's why these are tiny um microtransactions, but highly tiny um microtransactions, but highly tiny um microtransactions, but highly frequent. So, because the agents are frequent. So, because the agents are frequent. So, because the agents are just like making these API calls just like making these API calls just like making these API calls constantly. So, what do these agents need? The So, what do these agents need? The agents need um payments to work like the agents need um payments to work like the agents need um payments to work like the internet.

internet. internet. So, they have to be real time, So, they have to be real time, So, they have to be real time, low cost, programmable, and always on. And that's why we've built the Circle And that's why we've built the Circle agent stack. So, it's the full stack agent stack. So, it's the full stack agent stack. So, it's the full stack platform for the agent tech economy. And platform for the agent tech economy. And platform for the agent tech economy. And what we mean by that, let's look at it what we mean by that, let's look at it what we mean by that, let's look at it with a live demo. with a live demo. with a live demo. Um yeah, wish me luck. Okay. Okay. So, I'll just explain So, I'll just explain So, I'll just explain uh what I'm trying to uh what I'm trying to uh what I'm trying to if I can get the terminal. Okay. terminal. Okay. Okay. Okay. Okay. Let's Mhm. Mhm. Pull it. Pull it. Pull it. Yeah, I don't know. Excuse me, can I Excuse me, can I Yeah, I tried but Yeah, I tried but Yeah, I tried but it's just not it's just not it's just not I don't know where the placement of the I don't know where the placement of the I don't know where the placement of the desktop is.

>> Can you escape out of this? >> Can you escape out of this? >> [snorts] Thank you. So, so what we have over here Thank you. So, so what we have over here are are are two sessions. One is your regular cloud two sessions. One is your regular cloud two sessions. One is your regular cloud code and on the other on the right hand code and on the other on the right hand code and on the other on the right hand side is a cloud code that comes equipped side is a cloud code that comes equipped side is a cloud code that comes equipped with Circle agent wallet. So, it has a with Circle agent wallet. So, it has a with Circle agent wallet. So, it has a wallet which is funded and has the wallet which is funded and has the wallet which is funded and has the ability to like make uh has the ability ability to like make uh has the ability ability to like make uh has the ability to pay for premium content. And now uh to pay for premium content. And now uh to pay for premium content. And now uh let me actually let me actually let me actually just uh just uh just uh quickly uh quickly uh quickly uh add a task add a task add a task to this. to this. to this. Yep. Yep. Yep. And run it. And run it. And run it. So, I'll explain what I'm trying to do So, I'll explain what I'm trying to do So, I'll explain what I'm trying to do over here, which is over here, which is over here, which is Yeah, so So, the task I'm giving Claude Yeah, so So, the task I'm giving Claude Yeah, so So, the task I'm giving Claude on and it's the same task on both the on and it's the same task on both the on and it's the same task on both the terminals is terminals is terminals is plan my trip for the FIFA World Cup plan my trip for the FIFA World Cup plan my trip for the FIFA World Cup final.

final. final. So, just, you know, give me summary of So, just, you know, give me summary of So, just, you know, give me summary of flights, flights, flights, hotels, logistics. Also, like what are hotels, logistics. Also, like what are hotels, logistics. Also, like what are the odds of like my favorite team the odds of like my favorite team the odds of like my favorite team Argentina being in the final? Who is it Argentina being in the final? Who is it Argentina being in the final? Who is it going to play? And stuff like that. Um going to play? And stuff like that. Um going to play? And stuff like that. Um and also and also and also what's the ticket prices in the what's the ticket prices in the what's the ticket prices in the secondary market? How is the experience secondary market? How is the experience secondary market? How is the experience of other people who've of other people who've of other people who've actually been to the stadiums? actually been to the stadiums? actually been to the stadiums? And And And are there any FYIs and stuff like that? are there any FYIs and stuff like that? are there any FYIs and stuff like that? Grab all of that. Grab all of that. Grab all of that. Send me an email. And if possible uh Send me an email. And if possible uh Send me an email. And if possible uh make me a make a phone call and tell make me a make a phone call and tell make me a make a phone call and tell confirm that all of this has been confirm that all of this has been confirm that all of this has been researched and you know, sort of brief researched and you know, sort of brief researched and you know, sort of brief me on the summary. me on the summary. me on the summary. So, we'll see like what's happening on So, we'll see like what's happening on So, we'll see like what's happening on on both the terminals here. on both the terminals here. on both the terminals here. And And And Sorry, it's a bit hard to navigate. So, Sorry, it's a bit hard to navigate. So, Sorry, it's a bit hard to navigate. So, as you can see, um as you can see, um as you can see, um the left the vanilla Claude code has the left the vanilla Claude code has the left the vanilla Claude code has spun out like a bunch of sub-agents. And spun out like a bunch of sub-agents. And spun out like a bunch of sub-agents. And it's going about doing its research. it's going about doing its research. it's going about doing its research. Similarly, on the right-hand side um Similarly, on the right-hand side um Similarly, on the right-hand side um it's it's it's actually like uh going through actually like uh going through actually like uh going through the wallets and making like um the wallets and making like um the wallets and making like um paying for all of these paying for all of these paying for all of these uh premium content and we'll see like uh premium content and we'll see like uh premium content and we'll see like what the results of it are.

So, as you can see, it's trying to make So, as you can see, it's trying to make a phone call to find sorry, an API call a phone call to find sorry, an API call a phone call to find sorry, an API call to Stable and Rich. Um and it's paying to Stable and Rich. Um and it's paying to Stable and Rich. Um and it's paying from its wallet. from its wallet. from its wallet. It's set up a guardrail of like, "Hey, It's set up a guardrail of like, "Hey, It's set up a guardrail of like, "Hey, max amount is 15 cents." The beauty of max amount is 15 cents." The beauty of max amount is 15 cents." The beauty of uh uh uh having an agent with a wallet is having an agent with a wallet is having an agent with a wallet is you you you sort of build these guardrails into the sort of build these guardrails into the sort of build these guardrails into the wallet. And you don't have to as a human wallet. And you don't have to as a human wallet. And you don't have to as a human approve every single transaction approve every single transaction approve every single transaction because that would just not scale because that would just not scale because that would just not scale because these agents are just making because these agents are just making because these agents are just making these ones and five cents, 10 cents these ones and five cents, 10 cents these ones and five cents, 10 cents transactions. You want to like enforce transactions. You want to like enforce transactions. You want to like enforce those guardrails which is hey, this is those guardrails which is hey, this is those guardrails which is hey, this is the max amount you can send spend per the max amount you can send spend per the max amount you can send spend per session or this is the max cap you can session or this is the max cap you can session or this is the max cap you can do per day and stuff like that. So, do per day and stuff like that. So, do per day and stuff like that. So, the agent is still spending within the the agent is still spending within the the agent is still spending within the guardrails that you set but it is guardrails that you set but it is guardrails that you set but it is autonomous enough to like make these autonomous enough to like make these autonomous enough to like make these individual API calls. So, let me just So, let me just look at what the vanilla one is the vanilla one is looking up and doing some research for looking up and doing some research for looking up and doing some research for hotels.

Yeah, um Yeah, um flights are coming in. flights are coming in. flights are coming in. Also like in the prompt like try to like Also like in the prompt like try to like Also like in the prompt like try to like tell the agent to tell the agent to tell the agent to wrap this whole thing up within 6 to 8 wrap this whole thing up within 6 to 8 wrap this whole thing up within 6 to 8 minutes in the interest of time. So, minutes in the interest of time. So, minutes in the interest of time. So, let's see if we're able to like get an let's see if we're able to like get an let's see if we're able to like get an email and a phone call done email and a phone call done email and a phone call done in the same time. Let me also walk you through Let me also walk you through what the agent's doing if I can grab. Yep, as you can see over here the agent Yep, as you can see over here the agent was able to like make an API call to was able to like make an API call to was able to like make an API call to the poly market data the poly market data the poly market data via a provider called Block Run and via a provider called Block Run and via a provider called Block Run and it provided a query it provided a query it provided a query and again and again and again set the max amount guardrails set the max amount guardrails set the max amount guardrails and is now passing all the results.

>> All right. >> All right. So, So, So, let's go back to the let's go back to the let's go back to the main subject main agent here. Yep. Yep. And this is where I think you'll see on And this is where I think you'll see on And this is where I think you'll see on the left-hand side that the agent gets the left-hand side that the agent gets the left-hand side that the agent gets stuck because stuck because stuck because the agent just does not have the ability the agent just does not have the ability the agent just does not have the ability uh it cannot send out an email natively. uh it cannot send out an email natively. uh it cannot send out an email natively. So, what it's doing is it's using my uh So, what it's doing is it's using my uh So, what it's doing is it's using my uh it's just like adding a draft into my it's just like adding a draft into my it's just like adding a draft into my Gmail account uh that is logged in, but Gmail account uh that is logged in, but Gmail account uh that is logged in, but it just cannot send it to someone. Uh it just cannot send it to someone. Uh it just cannot send it to someone. Uh whereas the other agent on the whereas the other agent on the whereas the other agent on the right-hand side will just be able to use right-hand side will just be able to use right-hand side will just be able to use um a provider, pay it, and send an um a provider, pay it, and send an um a provider, pay it, and send an email.

Now, let's see like Now, let's see like this one's uh the this one's uh the this one's uh the the other agent is also like the other agent is also like the other agent is also like uh is about to like send an email and uh is about to like send an email and uh is about to like send an email and place the call, so let's see. place the call, so let's see. place the call, so let's see. Does. So, So, as the as the as the I think the left agent, the vanilla I think the left agent, the vanilla I think the left agent, the vanilla cloud goods finished, and as you can cloud goods finished, and as you can cloud goods finished, and as you can see, see, see, it's sort of like made a confession that it's sort of like made a confession that it's sort of like made a confession that yeah, it cannot have It does not have yeah, it cannot have It does not have yeah, it cannot have It does not have the ability to make a phone call. So, the ability to make a phone call. So, the ability to make a phone call. So, it's just like providing me the it's just like providing me the it's just like providing me the highlights over here in the terminal highlights over here in the terminal highlights over here in the terminal itself. Um and itself. Um and itself. Um and now, uh whereas on the right-hand side, now, uh whereas on the right-hand side, now, uh whereas on the right-hand side, the email's been sent. Now, let me try the email's been sent. Now, let me try the email's been sent. Now, let me try to actually show you the email that we got, actually show you the email that we got, I wish.

Okay, I'm going to make Okay, I'm going to make make the phone call. thing here, and then thing here, and then let's look at the email. let's look at the email. let's look at the email. So, yep, there we go. yep, there we go. So, I got this email. Oh, this is the So, I got this email. Oh, this is the So, I got this email. Oh, this is the old one. Let's see the new one. Yep. Yep. This is the one that we just received This is the one that we just received This is the one that we just received like 2 minutes ago. like 2 minutes ago. like 2 minutes ago. And And And yeah, it has all the yeah, it has all the yeah, it has all the details that it was able to like find, details that it was able to like find, details that it was able to like find, including like getting to the stadium, including like getting to the stadium, including like getting to the stadium, open stadium and maps. It was able to open stadium and maps. It was able to open stadium and maps. It was able to like, like, like, you know, find all of these. you know, find all of these. you know, find all of these. And then, what to expect by looking at like Reddit what to expect by looking at like Reddit tickets, etc.

tickets, etc. tickets, etc. So, I'll wait for the call but in the So, I'll wait for the call but in the So, I'll wait for the call but in the interest of time it takes sometimes interest of time it takes sometimes interest of time it takes sometimes a few minutes for the call to come in a few minutes for the call to come in a few minutes for the call to come in but but but let's see and I'll move on. So, how does let's see and I'll move on. So, how does let's see and I'll move on. So, how does this work uh this work uh this work uh in the background? in the background? in the background? Is Yeah, so so as you can see like the Yeah, so so as you can see like the agent on the right hand side with the agent on the right hand side with the agent on the right hand side with the wallet was able to just make a bunch of wallet was able to just make a bunch of wallet was able to just make a bunch of these API calls and pay for it. While these API calls and pay for it. While these API calls and pay for it. While blockchains make all of these things blockchains make all of these things blockchains make all of these things theoretically possible, there are there theoretically possible, there are there theoretically possible, there are there are also some bottlenecks because uh are also some bottlenecks because uh are also some bottlenecks because uh even the most efficient blockchains even the most efficient blockchains even the most efficient blockchains have a gas fee and these small have a gas fee and these small have a gas fee and these small transactions just don't scale because transactions just don't scale because transactions just don't scale because the gas fee will again be a significant the gas fee will again be a significant the gas fee will again be a significant sort of sort of sort of fraction of the actual transaction. But fraction of the actual transaction. But fraction of the actual transaction. But it is important to have gas fees because it is important to have gas fees because it is important to have gas fees because they prevent the network from spam and they prevent the network from spam and they prevent the network from spam and abuse.

abuse. abuse. Um and blockchains also have some Um and blockchains also have some Um and blockchains also have some throughput limitations because there are throughput limitations because there are throughput limitations because there are other use cases that run on blockchains other use cases that run on blockchains other use cases that run on blockchains and block space is shared and block space is shared and block space is shared infrastructure. So, the problem for infrastructure. So, the problem for infrastructure. So, the problem for agents is unpredictable latency and agents is unpredictable latency and agents is unpredictable latency and degraded performance under load. degraded performance under load. degraded performance under load. So, what we did for that So, what we did for that So, what we did for that is is is essentially uh we built a new um essentially uh we built a new um essentially uh we built a new um infrastructure layer on top of our intra infrastructure layer on top of our intra infrastructure layer on top of our intra product called gateway. So, it's called product called gateway. So, it's called product called gateway. So, it's called nano payments. It's built for sub cent nano payments. It's built for sub cent nano payments. It's built for sub cent transaction sizes for as low as one transaction sizes for as low as one transaction sizes for as low as one micro cent. micro cent. micro cent. Uh it supports Uh it supports Uh it supports um it is gas free for the seller and um it is gas free for the seller and um it is gas free for the seller and it's instantly cross-chain. it's instantly cross-chain. it's instantly cross-chain. And And And the way it works is you essentially you the way it works is you essentially you the way it works is you essentially you just fund um just fund um just fund um your wallet and then Oh, sorry. While I your wallet and then Oh, sorry. While I your wallet and then Oh, sorry. While I explain this, let's listen to the actual explain this, let's listen to the actual explain this, let's listen to the actual call that came in. call that came in. call that came in. And And And >> Hi Harsha, here is your World Cup final >> Hi Harsha, here is your World Cup final >> Hi Harsha, here is your World Cup final trip trip trip >> I don't know if it's part of it. >> I don't know if it's part of it. >> I don't know if it's part of it. >> at MetLife Stadium. Fly SFO to either >> at MetLife Stadium. Fly SFO to either >> at MetLife Stadium. Fly SFO to either EWR or JFK non-stop. SFO is showing live EWR or JFK non-stop. SFO is showing live EWR or JFK non-stop. SFO is showing live arrival delays today, so build buffer.

arrival delays today, so build buffer. arrival delays today, so build buffer. >> Awesome. >> Awesome. >> Awesome. Can you tell me how do I get to the Can you tell me how do I get to the Can you tell me how do I get to the stadium from my hotel? stadium from my hotel? stadium from my hotel? >> On match day, take NJ Transit to >> On match day, take NJ Transit to >> On match day, take NJ Transit to Secaucus Junction, then the Meadowlands Secaucus Junction, then the Meadowlands Secaucus Junction, then the Meadowlands Rail Spur direct to the stadium. Budget Rail Spur direct to the stadium. Budget Rail Spur direct to the stadium. Budget about an hour before receipt. about an hour before receipt. about an hour before receipt. >> Thank you. I'll read the rest of it in >> Thank you. I'll read the rest of it in >> Thank you. I'll read the rest of it in my email. Thank you. >> You're welcome. Have >> You're welcome. Have >> All right. So, that was just a quick >> All right. So, that was just a quick >> All right. So, that was just a quick demo of like how you can have like AI demo of like how you can have like AI demo of like how you can have like AI agents. agents. agents. Um if they're equipped with a wallet, Um if they're equipped with a wallet, Um if they're equipped with a wallet, they can do a lot of things they can do a lot of things they can do a lot of things with the with the with the as opposed to an agent that does not as opposed to an agent that does not as opposed to an agent that does not have a wallet. So, have a wallet. So, have a wallet. So, I have a couple of more minutes, so I'll I have a couple of more minutes, so I'll I have a couple of more minutes, so I'll just walk you through how this just walk you through how this just walk you through how this technology works underneath. technology works underneath. technology works underneath. So, So, So, if you have a wallet and you funded it if you have a wallet and you funded it if you have a wallet and you funded it with USDC, it's very easy because Circle with USDC, it's very easy because Circle with USDC, it's very easy because Circle works with a bunch of providers to works with a bunch of providers to works with a bunch of providers to on-ramp your actual US dollars into on-ramp your actual US dollars into on-ramp your actual US dollars into USDC. And from there, you can deposit USDC. And from there, you can deposit USDC. And from there, you can deposit the funds into a smart contract. The the funds into a smart contract. The the funds into a smart contract. The next thing it does is next thing it does is next thing it does is the agent just has to like sign these the agent just has to like sign these the agent just has to like sign these off-chain authorizations, off-chain authorizations, off-chain authorizations, which are essentially cryptographic which are essentially cryptographic which are essentially cryptographic signatures saying, "I signatures saying, "I signatures saying, "I am paying this address this particular am paying this address this particular am paying this address this particular amount of money."

amount of money." amount of money." And then And then And then the server just has to like relay this the server just has to like relay this the server just has to like relay this to Circle and within a few hundred to Circle and within a few hundred to Circle and within a few hundred milliseconds, milliseconds, milliseconds, this the server knows this the server knows this the server knows the merchant knows that, you know, the the merchant knows that, you know, the the merchant knows that, you know, the user has the funds and is able to user has the funds and is able to user has the funds and is able to release the actual resource that the release the actual resource that the release the actual resource that the agent requested. And with this, you agent requested. And with this, you agent requested. And with this, you avoid the avoid the avoid the issue of like you know latencies and issue of like you know latencies and issue of like you know latencies and stuff that are associated with actually stuff that are associated with actually stuff that are associated with actually settling every single transaction on settling every single transaction on settling every single transaction on chain and this chain and this chain and this the agents are able to like pay for the agents are able to like pay for the agents are able to like pay for things things things at the speed at which they operate. So at the speed at which they operate. So at the speed at which they operate. So in conclusion the the the way the stack in conclusion the the the way the stack in conclusion the the the way the stack would work is you have Circle agent would work is you have Circle agent would work is you have Circle agent wallets which give you the ability to wallets which give you the ability to wallets which give you the ability to equip your agents with wallets. equip your agents with wallets. equip your agents with wallets. The agents have can now hold their The agents have can now hold their The agents have can now hold their money, spend that money autonomously but money, spend that money autonomously but money, spend that money autonomously but within the guardrails that you set. The within the guardrails that you set. The within the guardrails that you set. The wallets enforce those guardrails and wallets enforce those guardrails and wallets enforce those guardrails and then on the sell side the merchants are then on the sell side the merchants are then on the sell side the merchants are able to like just able to like just able to like just wrap their endpoints and resources and wrap their endpoints and resources and wrap their endpoints and resources and monetize it with a few lines of code monetize it with a few lines of code monetize it with a few lines of code using our SDKs.

using our SDKs. using our SDKs. Then Then Then USDC and nano payments is the layer USDC and nano payments is the layer USDC and nano payments is the layer underneath it which sort of helps settle underneath it which sort of helps settle underneath it which sort of helps settle these transactions at the speed at which these transactions at the speed at which these transactions at the speed at which agents operate which is sub second. So agents operate which is sub second. So agents operate which is sub second. So and that this is how it scales and that this is how it scales and that this is how it scales and you can give it a try yourself by and you can give it a try yourself by and you can give it a try yourself by going to agents.circle.com. going to agents.circle.com. going to agents.circle.com. It's just a couple of clicks and It's just a couple of clicks and It's just a couple of clicks and you will have your agent equipped with a you will have your agent equipped with a you will have your agent equipped with a wallet and ready to like you know make wallet and ready to like you know make wallet and ready to like you know make these phone calls and things like that. these phone calls and things like that. these phone calls and things like that. So yeah, thank you.