Jeremy Allaire

Chamath Palih

2026-07-15 02:09:10

Chamath Palihapitiya warns AI "tokenmaxxing" could quietly dent corporate EPS

Chamath Palihapitiya said corporate AI spending may be rising far beyond what senior management realizes, warning that companies could eventually report earnings per share that come in a few cents light without fully understanding why. Speaking on CNBC’s Squawk Box on July 14, the Social Capital founder, 8090 CEO and All-In Podcast host said internal AI usage, which he referred to as “tokenmaxxing,” has expanded to a scale that many CEOs and CFOs likely do not see clearly. He described tokenmaxxing as a growing Silicon Valley idea in which companies explicitly push employees to use as much AI as possible under the assumption that greater AI consumption automatically translates into higher productivity. Palihapitiya said that assumption needs to be reexamined. He also pointed to his own company, saying in March that annual AI-related spending at his advisory firm 8090 was approaching $10 million, a figure he described as feeling “very scary” for a startup. ABMedia also referenced a July 13 expansion by Chain News on Circle CEO Jeremy Allaire’s paper The Agentic Economy, which discussed how AI pricing models may shift from seat-based subscriptions to work-based charging.

1780

Circle

2026-07-13 16:53:53

Circle to Hold Closed-Door Seoul Meeting on July 23 Focused on Regulatory Cooperation

Stablecoin issuer Circle is set to host a closed-door event, “Current Seoul,” in Seoul on July 23, bringing together executives from South Korean banks, cryptocurrency exchanges, and payment companies to discuss regulatory cooperation and long-term partnerships. The meeting follows Circle CEO Jeremy Allaire’s visit to South Korea three months ago, during which he met with institutions including KB Kookmin Bank, Shinhan Bank, Upbit, and Bithumb, and described the Korean market as “highly attractive.” The company has also recently received approval in the United States to establish a crypto bank and has partnered with Standard Chartered to launch USDC minting and redemption services. The Korea Times was cited as the source of the report.

1700

Circle

2026-07-13 05:30:14

Circle CEO Jeremy Allaire says the agentic economy and the onchain economy are the same system

Circle CEO Jeremy Allaire said the "agentic economy" and the "onchain economy" should be viewed as one economic system from two angles, laying out the case in a personal treatise titled The Agentic Economy published on X on the evening of July 12 Eastern Time. In the paper, Allaire argues that once AI agents begin handling work previously done inside firms, value transfer between those agents will need to run on open, programmable networks operating at machine speed. In his framing, that infrastructure is blockchain-based finance built around stablecoins. The treatise spans several themes: AI and blockchain as a new technological convergence, the decomposition of the firm as cognitive costs fall, the need for full-reserve money with par value, redemption, and deterministic finality, and a shift from seat-based software pricing to work-based pricing and micropayments between agents. Allaire also addresses concentration risks, including stablecoin reserve income, which he describes as a policy-created rent that regulation could redistribute. The publication came about two months after Circle introduced its Agent Stack product line, which includes Circle CLI, Agent Wallets, Agent Marketplace, and Nanopayments through Circle Gateway.

1740

Circle

2026-07-13 04:16:44

Circle CEO Jeremy Allaire says AI agents and blockchain will form one economic system

Circle co-founder and CEO Jeremy Allaire has published a long essay titled Agentic Economy, arguing that the AI agent economy and the onchain economy should not be viewed as separate tracks. In his framing, they are two parts of the same emerging economic system. AI supplies what he calls machine-based intelligence and labor, while blockchains, stablecoins, and smart contracts supply machine-based property rights, payments, settlement, and credit. Allaire says AI agents can only act as independent economic participants when those layers are combined. He breaks the proposed agentic economy into three layers: a base money layer where stablecoins function as the unit of account and final settlement tool; a middle economic operating system layer where programmable smart contracts handle coordination, contracting, and value exchange; and a top execution layer where AI and cloud computing perform actual work. According to Allaire, all three layers run as software on top of the internet and are starting to remake geographically bounded institutions. He describes that shift as stablecoins replacing national banking systems, smart contracts moving enforcement from national courts into globally executable code, and AI agents replacing local labor with borderless work.

1690

Circle

2026-07-13 02:31:09

Jeremy Allaire says agent economy needs software money and onchain governance

Circle co-founder Jeremy Allaire said on July 13 that an economy run by software agents can only function with software money, software contracts, and software governance. In his post, Allaire argued that without those building blocks, such a system cannot be realized at all. He also called for faster development of onchain financial infrastructure. The remarks were reported by BlockBeats.

1300

Circle

2026-07-10 23:26:13

Circle CEO Slams PoW Mining as Energy Waste, Urges AI Integration for Next-Gen Consensus

Circle CEO Jeremy Allaire criticizes traditional PoW mining as a massive energy waste, advocates combining AI inference with PoW to create a more productive consensus model, and questions Bitcoin's dominance over the next decade.

1700

Circle

2026-07-10 15:13:13

Circle CEO Jeremy Allaire Named in TIME's 100 Most Influential People of 2026

Jeremy Allaire, CEO of Circle, has been recognized by TIME as one of the 100 Most Influential People of 2026, honoring his leadership in crypto and stablecoin innovation.

430

Circle

2026-07-03 23:31:01

Circle CEO Responds to OUSD Challenge as Stablecoin Competition Shifts to Network Effects, Liquidity and Regulation

Circle CEO Jeremy Allaire has pushed back against concerns that Open Standard’s upcoming Open USD could meaningfully disrupt USDC’s market position. Responding to investor questions after the June 30 announcement of OUSD, a stablecoin initiative backed by 140 global companies, Allaire argued that stablecoins are not simple issuance products but platform businesses shaped by network effects, liquidity concentration, and regulatory integration. In his view, this structure naturally favors a winner-take-most or winner-take-all outcome, with USDC benefiting from nearly a decade of ecosystem buildout. Allaire highlighted three pillars behind Circle’s confidence. First, USDC has already been integrated across thousands of applications and services, creating compounding utility for developers, institutions, and end users. Second, Circle has spent years building both primary-market and secondary-market liquidity across exchanges, DeFi venues, payment providers, and regional rails. Citing Artemis, he said USDC processed nearly $30 trillion in on-chain transaction volume in Q1 2026, representing 80% of all blockchain dollar stablecoin transaction activity, while USDT accounted for the remaining 20% and all other dollar stablecoins together remained below 0.5%. Third, he stressed Circle’s regulatory footprint, noting that USDC is currently the only major global stablecoin available across both Europe and Japan. He also challenged OUSD’s key selling points, including free mint and redemption, yield-sharing, and consortium governance. According to Allaire, unlimited free redemption may prove unsustainable in real market conditions, while consortium-led products often struggle with incentives, speed, and product execution. He reaffirmed that Circle’s partnership with Coinbase remains strong and said Circle still welcomes OUSD as part of a broader growing stablecoin ecosystem.

1940