Ontario Liberal MPP Lee Fairclough introduced Bill 107 to prohibit online gambling advertising. Individuals face C$100,000 fines, corporations up to C$1 million, with license revocation for second offenses. Despite low passage odds due to Conservative majority, the bill highlights addiction concerns and parallels federal legislation.

Kite announces mainnet launch and Agent Passport, an identity and payment infrastructure for autonomous AI agents. Integrated with 90+ providers, raised $35M, supports stablecoin settlement and traditional banking connectivity.

Kite has launched its mainnet and the Kite Agent Passport, a payment infrastructure for autonomous AI agents. It integrates a stablecoin settlement layer, programmable wallets, and over 90 service providers, backed by $35M funding from PayPal Ventures and General Catalyst.

Kite today announced the mainnet launch of Kite Chain and the Kite Agent Passport, a dedicated identity and payment infrastructure for autonomous AI agents. The platform combines a stablecoin settlement layer, programmable wallets, and agent interfaces, with user-controlled spending limits. Integrated with 90+ service providers, Kite has raised $35 million led by PayPal Ventures.

Kite announced the launch of its mainnet and Kite Agent Passport, an identity and payment infrastructure for autonomous AI agents. The platform features three layers, supports over 90 service providers, and has raised $35M from PayPal Ventures and General Catalyst.

Kite has launched its mainnet and Agent Passport, introducing identity, wallet, and settlement infrastructure for autonomous AI agents, with over 90 service providers already integrated.

Blockchain Capital partner Kinjal Shah argues that the rise of AI agents and stablecoins is changing the fundamental unit of labor from jobs and headcount to tasks. Citing Sam Altman’s 2024 prediction that a one-person billion-dollar company could soon emerge, Shah says the real shift is not simply job displacement, but the collapse of coordination costs that historically defined why firms exist in the first place. In her view, programmable labor in the form of autonomous AI agents, combined with programmable money through stablecoins such as USDC, allows work to be assigned, completed, priced, and settled directly on-chain without traditional intermediaries. The article traces earlier labor transitions from craftsmen to factories, then to the gig and creator economies, arguing that each wave first produced a “bridge class” that proved a new model worked before infrastructure providers captured most of the value. Shah says the current moment is different because AI agents can perform specialized tasks and pay one another in real time, while stablecoins compress payments into internet-native, low-cost transactions. She points to Meta’s USDC payouts on Polygon and Solana, AWS AgentCore’s stablecoin micropayment support, and Merit Systems’ Poncho wallet product as early examples of machine-to-machine commerce. In this model, firms do not disappear, but evolve into orchestration layers that define objectives, evaluate quality, and coordinate outputs across a global programmable labor market.

Visa has opened its Intelligent Commerce platform to businesses globally, enabling AI agents to compare, shop and pay on behalf of users. The move highlights intensifying competition between traditional payment networks and crypto-native protocols for control of AI-driven commerce infrastructure.